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Powell: The Fed can be cautious in seeking the neutral Intrerest Rate
Golden Finance reported that Powell said that over time, the Federal Reserve will gradually move towards a more neutral interest rate. Although downside risks are lower than expected, the Fed can maintain caution in finding a neutral interest rate. US inflation has not yet reached its target, but progress is being made. The US unemployment rate remains very low. The rate cut in September is a strong signal to support the labor market.