Powell: Policy may remain in neutral range

Odaily Planet Daily News: Federal Reserve Chairman Jerome Powell stated at a press conference that monetary policy may be in a neutral range with respect to its impact on the economy. He noted, “I believe we are very close to the neutral rate, which could be in the range of 3% to 4%, while the current federal funds rate target range is 3.5% to 3.75%.” He added, “If rate hikes are needed, we will signal and implement them, and vice versa.” (Jin Shi)