Powell: It cannot be determined whether the July interest rate cut is too early, and any meeting cannot be ruled out

Odaily Planet Daily News: At the European Economic Forum in Sintra, Portugal, when asked whether the Federal Reserve would further relax monetary policy if tariffs did not trigger inflation, Federal Reserve Chairman Powell said, "After evaluating the scale of tariffs, we have decided to postpone action." He expects inflation to rise slightly this summer due to the impact of tariffs, so while the economy remains stable, the Federal Reserve chooses to remain patient and wait, which is the most prudent approach. Powell stated that he cannot assert whether the July rate cut is too early, but emphasized that "the possibility of any meeting will not be ruled out in advance" and the next steps will depend entirely on data performance. (Golden Ten)