Powell lists the supporting factors for not lowering interest rates

ChainCatcher news, Federal Reserve Chairman Powell stated that although the Fed "can see that the labor market may be slowly and steadily cooling," this cooling is not a cause for concern given the currently strong labor force participation rate and good wage growth.

He said, "Although the uncertainty surrounding the economic outlook has decreased, it remains at a high level." As long as the current labor market conditions persist, along with reasonable economic growth and gradually declining inflation, Powell said he is willing to wait for more information before deciding on the next steps. (Jin Shi)