Powell says rate hikes are not anyone's baseline expectation, suggesting interest rates may remain unchanged in the short term.

BlockBeats News, December 11, Federal Reserve Chairman Jerome Powell stated at a press conference that, given that the central bank policymakers' new forecasts do not reflect the baseline scenario, the Fed's next move is unlikely to be a rate hike.

He said: "I don't think a rate hike is anyone's baseline expectation." At the same time, Powell hinted that interest rates may remain unchanged in the short term. (Golden Ten Data)