Fed Will Implement Easy Monetary Policy

    Fed Chairman Powell pointed out that the Fed's monetary policy will make two adjustments: one is to adjust the inflation rate target from the previous 2% upper limit to an average of 2%, This means that the Fed allows the inflation rate to be moderately higher than 2% for a period of time, eventually achieving an average inflation rate of 2%. Second, to solve the current economic problems, a long-term low-interest rates should be adopted to ensure full employment. Even if the job market is hot, if the average inflation rate does not exceed 2%, tightening monetary policy should not be adopted.

    Stocks rose after Powell's speech on Thursday, with the financial sector being the strongest performer. But the tech sector was still weak.