Fed Chairman Powell: We are fully aware of the risks of cutting interest rates too late

Federal Reserve Chairman Powell said that he is fully aware of the risks of cutting interest rates too late and will carefully consider gradually lifting the restrictive stance of policy this year if the economy develops as expected. The Federal Reserve is working hard to improve its follow-up supervision after the Silicon Valley Bank incident and is working on developing a new set of regulatory rule books. Earlier and more effective interventions will be implemented. (Golden Ten)