According to online reports, Federal Reserve Chairman Powell said that he is concerned about the rise in U.S. Treasury yields, which is far from reaching previous levels. It is still too early to observe the trend of national yields and cannot determine the specific direction. He also said that bond interest rates reflect economic growth expectations; bond market fluctuations do not seem to be mainly affected by expected increases in inflation. Powell said that data on major economic activity has been stronger since the September meeting; some downside risks to the economy have receded.