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Federal Reserve Chairman Powell suddenly speaks out!
He neither talks about the future direction of the economy,
nor discusses how monetary policy will be adjusted,
but throws out a significant prediction: the PCE data in April is very likely to surge to 2.2%!
He also reveals that he is considering revising the Federal Reserve's external communications.
He stated that, given the current inflation situation, the previous assertion that inflation would slightly rebound after being low due to a poor economy is now completely outdated.
Although the risk of the zero lower bound still needs to be taken seriously, based on the current interest rate level, the zero lower bound is unlikely to become a reality for the time being. What signals are hidden behind this series of statements?
