"Powell: Strong US Economy Allows Fed to Proceed Cautiously with Policy"

Federal Reserve Chair Jerome Powell believes the strong US economy allows the central bank to carefully consider when to adjust interest rates, as cutting rates too soon could lead to higher inflation, while moving too late could trigger a recession. Powell emphasized the importance of restoring price stability and expressed confidence that the current slump in commercial real estate will not lead to a banking crisis. He also stated that the Fed's policy decisions are based on economic data rather than political considerations.