Powell: Keeping interest rates at current levels, we haven't seen much progress on core inflation

BlockBeats News: On February 13th, Federal Reserve Chairman Powell stated in his semi annual monetary policy testimony early this morning that long-term interest rates have risen, but this is not related to inflation. We will maintain interest rates at the current level and wait for evidence of further reduction in inflation. In the past five years, productivity growth has performed well, and if this growth can be sustained, a sustainable GDP growth of 2% is achievable. We didn't see much progress in core inflation last year. The latest inflation data shows that cautious monitoring is still needed. The Federal Reserve will remain on the sidelines until more clear information is obtained. (Golden Ten)