Powell: The Federal Reserve may implement more rate cuts, and the policy will gradually shift to a more neutral level

ChainCatcher message, Federal Reserve Chairman Powell stated that interest rates are expected to decline further, but he hinted that rates may not decrease as much in the coming months. Powell mentioned that the Federal Reserve may implement more rate cuts, as economic trends and dynamics are expected to remain unchanged at least in the short term. This includes a slowdown in the job market and cooling inflation, while interest rates remain at restrictive levels; maintaining rates at the current high levels could push up unemployment. Powell stated, "Over time, we will shift policy to a more neutral level."