Powell: There Are Many Possible Paths for Future Interest Rates

According to a report by Jinse Finance, Federal Reserve Chairman Jerome Powell stated during his congressional testimony that there are many possible paths for future interest rates. Inflation may not be as strong as expected, and if that is the case, an early rate cut is recommended; if the labor market weakens, an early rate cut is also advised. However, if inflation and the labor market remain robust, a rate cut may be delayed.