Fed Chairman Powell: I don't think the next move may be a rate hike

Fed Chairman Powell said in a speech that the US PPI data is actually quite mixed, and it is uncertain whether inflation will continue. Restrictive policies may take longer than expected to work to reduce inflation. The United States will reduce the inflation rate back to 2%. Restrictive policies may take longer than expected to work to reduce inflation. In many ways, the policy interest rate is restrictive. It is not believed that the next move may be to raise interest rates. It is more likely to maintain the policy interest rate at the current level. (Jin Shi P)