Fed Chair Powell: Keep rates at current levels, wait for evidence of further reductions in inflation

Federal Reserve Chairman Jerome Powell said, we will maintain interest rates at current levels, waiting for evidence of further reductions in inflation. Long-term interest rates have risen, but this is not related to inflation, and the Fed will do all it can to ensure that stricter regulatory measures are gradually extended from large banks to small banks. If the Consumer Financial Protection Bureau (CFPB) is disbanded, there will be no federal regulator to examine large banks for consumer protection.