TechFlow News — According to Jinshi Data, Federal Reserve Chair Powell delivered remarks on the U.S. economy. Powell stated that the Fed will not raise interest rates until conditions are met, with rate hikes occurring only when the economy achieves "almost full recovery." The key is maintaining stable 2% inflation expectations. For the Fed to consider raising rates, it needs to see maximum employment, a 2% inflation target, and progress toward these goals. He also noted that high inflation is a very undesirable situation, and the Fed will not allow it to happen again.
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