Federal Reserve Chairman Powell: More and more officials want to postpone rate cuts

Odaily Planet Daily reports that Federal Reserve Chairman Jerome Powell stated that a growing number of Fed officials are prepared to postpone the upcoming interest rate cut. Powell said, "After the last two policy meetings where rates were cut, there was a sense that some officials wanted to take a wait-and-see approach. Now, there is a growing consensus that perhaps we should at least wait one cycle." (Jinshi)