Powell is expected to warn of "stagflation" risks

Jinse Finance reported that Bank of America pointed out that, on the eve of the March Federal Reserve meeting, with oil prices soaring, Jerome Powell is likely to acknowledge the risk of "stagflation" facing the economy. The "Summary of Economic Projections" is expected to show higher overall inflation and core inflation data, with long-term economic growth and interest rate forecasts also being revised upwards. Meanwhile, Powell will demonstrate a cautious, wait-and-see attitude.