Fed remains on hold, stressing rising risks to unemployment and inflation

Odaily Planet Daily News: The Federal Reserve kept interest rates unchanged for the third consecutive meeting and emphasized that they believe the risks of rising inflation and unemployment are increasing. The FOMC committee said, "Uncertainty about the economic outlook has further increased. The committee is paying attention to the risks facing its dual mission in both directions and judges that the risks of high unemployment and high inflation have increased." Officials voted unanimously to keep interest rates in the range of 4.25%-4.5%. The Fed said it would continue to shrink its balance sheet at the pace announced at the March meeting. Trump's trade policy has triggered a wave of uncertainty throughout the economy. While tariffs are still under negotiation, economists generally expect that comprehensive tariffs will push up inflation and drag down economic growth. This will put the two goals of policymakers (price stability and maximizing employment) in conflict with each other. (Jinshi)