Powell: Does not believe the next step will be to raise interest rates, more likely to maintain the policy rate at the current level

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated that he does not believe the next step may be an interest rate hike, and it is more likely to maintain the policy rate at the current level. The PPI data is actually quite mixed, and it is uncertain whether inflation will persist. Businesses continue to report labor shortages, and restrictive policies may take longer than expected to take effect in reducing inflation.