Federal Reserve Chairman Powell: The Federal Reserve is currently reviewing the framework revisions passed in 2020

BlockBeats news, on May 15th, Federal Reserve Chairman Powell: Officials agree on the need to reconsider strategic language around underemployment and average inflation rates. Not commenting on prospects or monetary policy; The PCE in April may be around 2.2%. The zero lower bound of interest rates remains a risk that should be addressed within the framework, but given the current level of policy interest rates, the zero lower bound is no longer a fundamental situation. Some of the actions taken by the Federal Reserve are permanent, such as focusing on inflation expectations. The Federal Reserve is conducting a two-day review of the framework revisions passed in 2020. The framework must be able to adapt to various situations, including a world where supply shocks may be more frequent and persistent. (Golden Ten)