Powell: Dissent against accommodative stance does not reflect a lean toward rate hikes

Odaily Planet Daily News: Federal Reserve Chair Jerome Powell stated in a press conference that although a vote was cast against maintaining the accommodative stance wording in the most recent monetary policy statement, he believes officials are not inclined to raise interest rates. Powell said: "People are not saying we need to raise rates now; the discussion is more about whether the Fed should maintain a neutral stance on its policy outlook." (Jin Shi)