[Powell Says Rate Hikes Are Not the Baseline Expectation, Hints at Maintaining Rates in the Short Term] BlockBeats News, December 11, Federal Reserve Chairman Powell stated at a press conference that given the central bank policymakers' new projections do not reflect the baseline scenario, the Fed's next move is unlikely to be a rate hike. He said: 'I don't think rate hikes are anyone's baseline expectation.' At the same time, Powell hinted that rates may remain unchanged in the short term. (Jin10)