Federal Reserve Chairman Powell: The current policy stance is good and a wait-and-see attitude can be adopted

Odaily Planet Daily News: Federal Reserve Chairman Powell stated that the current policy stance is good and a wait-and-see attitude can be adopted, with moderate restrictions on the policy. Now is a good time to take a step back and clarify the situation. It is too early to say what kind of monetary policy response should be adopted now. The progress towards achieving the 2% inflation target has slowed down recently. In the 12 months ending in February, PCE total prices increased by 2.5%. Core PCE prices, excluding volatile food and energy categories, increased by 2.8%. Looking ahead, higher tariffs will play a role in our economy and may increase inflation in the coming quarters. From most indicators, long-term inflation expectations (inflation expectations for the next few years) remain well anchored and aligned with the 2% inflation target. We remain committed to sustainably restoring the inflation rate to our target of 2%. (Golden Ten)