Federal Reserve's Musalam says there is currently no need for further interest rate cuts

Federal Reserve's Musalam stated that inflation risks are easing and it is expected that prices will return to the Fed's target later this year. He pointed out that after the interest rate cut last year, monetary policy has been in a good position to deal with price stability or employment risks, and the current interest rate is close to the neutral level, neither stimulating nor suppressing the economy. He reiterated that there is no need for further interest rate cuts in the face of high inflation, and said that the inflation data released that day was encouraging, and the current policy positioning is appropriate, balancing the economic expectation path and various risks.