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Powell: The Federal Reserve does not need to rush to adjust its policy stance.
[Powell: The Fed does not need to rush to adjust its policy stance] Federal Reserve Chairman Powell stated that the Fed does not need to rush to adjust its policy stance and is prepared to wait for more clarity on the situation. If the economy remains strong, policy constraints can be maintained for a longer period. Powell stated that some signs of tightening in the money market have already been observed, and market indicators suggest that reserves are sufficient.