Powell: There is no preset path for future monetary policy, and interest rate policy is prepared to respond to economic conditions

According to Jin Ten, Federal Reserve Chairman Powell stated at a press conference that the Fed's interest rate policy is prepared to respond to future economic conditions, but he declined to provide guidance on whether there will be another rate cut in the near term. Powell pointed out that since September, the federal funds rate has been lowered by 75 basis points, and it has been cumulatively reduced by 175 basis points since last September, currently within a broad estimate range considered neutral, with decisions to be made at upcoming meetings.