Fed Chairman Powell: It is too early to say what the appropriate path of monetary policy is

Odaily Planet Daily News: Fed Chairman Powell spoke on the economic outlook and said that we face a highly uncertain outlook. It will be very difficult to assess the possible economic impact of tariffs until there is greater certainty about the details. While uncertainty remains high, it is now clear that the tariff increase will be significantly larger than expected. The same may be true for the economic impact, which includes higher inflation and slower growth. The extent and duration of these effects remain uncertain. We will continue to pay close attention to incoming data, changing prospects, and the balance of risks. We are ready to wait for clearer news before considering adjusting our policy stance. It is too early to say what the appropriate path of monetary policy is. (Jinshi)