High Policy Uncertainty Challenges Federal Reserve's Rate Decisions

According to Odaily, the head of BlackRock Investment Institute, Boivin, has highlighted that this year's unusually high policy uncertainty has disrupted financial markets, and the Federal Reserve is struggling to address this issue. He noted that the Fed itself is also affected by this uncertainty. During Wednesday's policy statement, Federal Reserve Chair Powell repeatedly emphasized this point, indicating that uncertainty is a reason for maintaining policy inertia. Boivin expressed that it will be challenging for the Fed to cut interest rates more than once or twice this year, even if prolonged uncertainty begins to impact what was previously healthy economic growth.