Fed Chairman Powell stated that inflation has eased while unemployment rates have not significantly increased. Inflation is still too high. The road ahead is uncertain. We have significantly tightened monetary policy.

Fed Chairman Powell: interest rate cuts have begun to come into view.

Federal Reserve Chairman Powell stated that we believe our policy interest rates have reached or are close to their peak. (Jinshi)

Federal Reserve Chairman Powell stated that the Fed is committed to maintaining a tight policy until inflation reaches the 2% target. It is too early to speculate when the policy will be relaxed. If the timing is right, the Fed is prepared to further tighten monetary policy.

Federal Reserve Chairman Powell attended an IMF expert group meeting and gave a speech. Powell stated that the Federal Reserve will continue to act cautiously. If appropriate, the Federal Reserve will not hesitate to further tighten monetary policy. Powell expects GDP growth to slow down in the coming quarters, but it is still "to be observed." While he is satisfied with the progress of inflation, he also pointed out that "there is still a long way to go." Powell also stated that future progress in inflation may have to come from a tightening of monetary policy, not just an improvement in supply-side factors.

Nick Timiraos, the voice of the Federal Reserve, in his latest article evaluating the speech of Federal Reserve Chairman Powell, Powell hinted that he was pleased with the decline in summer inflation and that the Federal Reserve is unlikely to raise interest rates again unless there is clear evidence that the strengthening of economic activity will jeopardize progress on inflation. Powell's comments are closely related to recent comments by other Federal Reserve officials, all of which suggest that they are prepared to keep interest rates unchanged at the next meeting. This is partly because the rise in long-term yields over the past month may slow economic growth, and if yields rise, they will actually replace rate hikes. When describing whether monetary policy will be tightened again, Powell used the word "possible" twice instead of the stronger word "will": "Evidence of a strong economy may pose risks to further progress in inflation or become a reason for further tightening of policy."

Nick Timiraos, a spokesperson for the Federal Reserve, recently commented on the speech of Federal Reserve Chairman Powell. Powell hinted that he was pleased with the decline in inflation this summer and that the Federal Reserve is unlikely to raise interest rates again unless there is clear evidence that economic activity will jeopardize inflation progress. Powell's comments are closely related to recent comments from other Federal Reserve officials, all of which suggest that they are prepared to keep interest rates unchanged at the next meeting. This is partly because the rise in long-term yields over the past month may slow economic growth, and if yields rise, they will effectively replace interest rate hikes. When describing whether monetary policy will be tightened again, Powell used the word "possible" twice instead of the stronger word "will": "Evidence of strong economic growth may pose a risk to further progress in inflation reduction, or may be a reason for further tightening of policy."

Federal Reserve Chairman Powell: If there is additional evidence of a strong economy, it may be worth raising interest rates.