Federal Reserve Officials Advocate Patience Amid Policy Uncertainty

According to BlockBeats, Cleveland Federal Reserve President Loretta Mester and San Francisco Federal Reserve President Mary Daly stated on Tuesday evening that the best course of action for the Federal Reserve is to wait before making any further policy decisions. This stance is due to the uncertainty surrounding the policies of U.S. President Donald Trump's administration. The two regional Federal Reserve presidents reiterated their position during a joint appearance at a Federal Reserve Bank of Atlanta conference. They emphasized that the ongoing uncertainty in trade policy makes it challenging to predict the economic trajectory, complicating decisions on how monetary policy should respond.