Powell: More and more officials want to delay rate cuts, overall economic situation is very good

ChainCatcher News, Federal Reserve Chairman Powell stated that an increasing number of Federal Reserve officials are prepared to delay the upcoming interest rate cuts. He pointed out, "After the last two policy meetings where we cut rates, it seems that some officials want to take a wait-and-see approach. Now, more and more people believe that perhaps we should at least wait for one cycle."

In addition, Powell also added, "Overall, the economic situation is very good."