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Powell warns: "Zero interest rates remain dangerous"

🎙️ US Federal Reserve Chairman Jerome Powell:

▪️ Zero interest rates remain a potential risk to the financial system... and must be "reassessed"

▪️ Internal Fed consensus on the need to review its strategy for dealing with:

— Medium-term inflation

— Underemployment

📊 The personal consumption expenditures (PCE) rate is expected to reach 2.2% in April—a reading markets are closely watching to determine the future path of interest rates.

📉 Is monetary policy headed for a change? Or should we wait for additional inflationary pressures before taking any action?