$BTC $BNB $SOL Federal Reserve Chairman Powell stated that unusual fluctuations in trade complicate GDP measurement.

He believes that if there is a conflict between the dual objectives, it is necessary to consider the distance to the targets and the time to close the gap. He thinks the Federal Reserve does not need to rush to adjust interest rates, and the current policy is moderately restrictive. The underlying inflation situation is good, and the cost of waiting is quite low. Short-term inflation expectations have risen. The labor market is not a major source of significant inflationary pressure.

Powell stated that if there is a conflict between the dual objectives, it is necessary to consider the distance to the targets and the time to close the gap. He believes the Federal Reserve does not need to rush to adjust interest rates, and the current policy is moderately restrictive. The underlying inflation situation is good, and the cost of waiting is quite low.

Regardless, the possibility of a rate cut in July is about 75%, and it will happen sooner or later!

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