Fed Governor Cook: Monetary policy is in a favorable position

Odaily Planet Daily News: Fed Governor Cook said that trade policy may make it more difficult to reduce inflation, and I have seen evidence that trade policy is currently affecting the economy. The economy is in a "solid state" and despite trade policy risks, economic growth is expected to slow this year. Trade policy poses risks to the Fed's inflation control and employment tasks. The Fed's goal will be balanced in the monetary policy making process to focus on controlling long-term inflation expectations. The Fed's monetary policy is "in a good position" to cope with a variety of scenarios. (Jinshi)