TechFlow, June 24 — According to Jinshi Data, Federal Reserve Chair Powell stated that when the time is right, further interest rate cuts are expected. This will depend on economic factors over the coming months. Fed Chair Powell said, "We're simply advising people to wait a bit longer for more signals. We currently do not see signs of weakness in the labor market. If we do observe softening in the labor market, we will take measures to adjust. As long as the economy remains strong, we can pause here for now. Powell noted that our current interest rate level is high, providing more room for rate cuts compared to when rates were near zero. Federal Reserve Chair Powell: Legislation related to stablecoins is moving forward, which is an exciting development.
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