Powell Said The Fed Should Not Rush To Raise Interest Rates.

"Economic data support the Federal Reserve raising interest rates later in 2015," Powell said in a speech to the Council on foreign relations.

Despite the poor employment figures in March, the labour market continued to make progress.

The timing and pace of interest rate increase will depend on economic data.

After the start of the speech, the US dollar index went down slightly.

"The pace of raising interest rates is more important than the exact timing of raising interest rates," Powell stressed.

Powell owns this year.

Although he was previously called the "pigeon pie" title of Pro Bernanke, Yellen's attitude has been relatively neutral during his presidency.

Powell said that because of the idle capacity in the labour market, the underestimation of unemployment rate still exists, and the labor participation rate is still "unusual" low.

The decline in participation rate is mostly due to demographic changes.

He tends to raise interest rates at a rather gentle pace, and says the Fed should seek more evidence of improvements in the labour market.

He predicted that the natural unemployment rate in the United States was about 5%.

"The Fed does not need to rush to raise interest rates," concluded Powell. "The economic situation supports the first increase in interest rates later this year."

In addition to raising interest rates, the market is concerned about whether the Federal Reserve will start selling the assets purchased in QE. Powell's answer is no, and the Fed has not considered the possibility.

Powell (Jerome Powell), the Federal Reserve director, said the Fed did not have to raise interest rates in a hurry, and the risk of increasing interest rates on the economy was more risky than inflationary inflation.

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China's economy is showing four unprecedented new developments ever seen:

First, China participated in the third industrial revolution in the first time as a country of origin and dominance, namely the Internet economy.

China also began to lead the US in high-tech fields such as high-speed rail, supercomputers and new energy vehicles. 15% of Companies in Shenzhen's GEM listed in the prospectus that a technology and product had reached the highest level in the world.

Second, China's capital market will become the most active 10 years in the next 10 years, with the largest number of IPO and the fastest growth of vc/pe.

Along the third, first roads and the implementation of the Silk Road Economic Strategy, China has participated in the reconstruction of the international economic order for the first time, especially the Asian investment bank.

Fourth, China is showing an unprecedented 1 billion 300 million business start-up and innovation.

In today's Guoxin Securities strategy and private placement summit held in 2015, Chen Hong Qiao, President of Guoxin Securities, made the above remarks in the keynote speech "welcome to the new era of new wealth and investment banking".