Powell: Policy may remain in a neutral range

Odaily Planet Daily News: Federal Reserve Chairman Powell stated at the press conference that monetary policy may be in a range that is neutral for the economy. He said: "I think we are very close to the neutral interest 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 raising interest rates is necessary, we will signal and raise them, and vice versa." (Jinshi)