Federal Reserve Maintains Steady Interest Rates

In a recent press conference, Federal Reserve Chair Jerome Powell announced that the central bank sees no immediate need to adjust its current policy stance. This decision comes as inflation gradually approaches the Fed's target, albeit remaining slightly above desired levels.

Powell highlighted the strength of the labor market, noting that overall conditions are largely balanced. He reassured that the Fed's current policy positioning is appropriate and mentioned that the central bank's comprehensive review of its policy framework is expected to be completed by late summer.

This announcement underscores the Fed's cautious approach to monetary policy adjustments, focusing on sustained economic recovery and inflation control.