Federal Reserve Chair Powell: Not commenting on outlook or monetary policy; April PCE could be around 2.2%

TechFlow, May 15 — According to Jinshi Data, Federal Reserve Chair Powell said: I won't comment on the outlook or monetary policy; April PCE may be around 2.2%. Officials agreed that the strategic wording regarding shortfalls in employment and average inflation rates needs reevaluation. The zero interest rate lower bound remains a risk that should be addressed within the framework, but given current levels of policy interest rates, the zero lower bound is no longer a baseline scenario.