Powell Says Fed Isn't Thinking About Raising Rates Right Now

The video discusses current inflation trends, noting a decrease in the first quarter due to transient factors, followed by a stabilization below 2%. It emphasizes the importance of inflation expectations in driving actual inflation and the commitment to a 2% inflation objective. The current policy stance is deemed appropriate, with no immediate plans to raise rates, but future adjustments will be considered based on economic outlook.

What does the speaker imply about raising rates in the near future?

What is the current stance of policy as described in the text?