Federal Reserve Chairman: It's not good to cut interest rates too early or too late, so be cautious about lowering interest rates

Federal Reserve Chairman Powell stated that the PCE inflation report meets our expectations; Premature interest rate cuts will bring great interference; But waiting too long may cause unnecessary damage to the economy and labor market; More "good" inflation data is needed, similar to last year; We have made progress in combating inflation; We don't need to rush to cut interest rates; Before lowering interest rates, we can wait and become more confident; The Federal Reserve can and will remain cautious about interest rate cuts.