Fed Chairman Powell: Interest rates are not expected to drop to very low levels before the epidemic

Fed Chairman Powell said that if our basic situation does not change, we will keep interest rates at current levels for longer; there is no telling where interest rates will return after this is over; the path back to 2% inflation is doomed It’s going to be bumpy; my personal expectation is that interest rates won’t drop to the very, very low levels they were before the pandemic; I do think interest rates will be even lower than they are now; we’ll let the data tell us the answer about interest rates; the current level of interest rates is not The U.S. economy is hurting.