Powell: In the Face of Uncertainty, the Federal Reserve Will Remain Patient

According to a report by Jinse Finance, Federal Reserve Chairman Jerome Powell stated that before considering any adjustments to monetary policy, the Fed needs to further understand the current situation. He noted that given the ongoing changes in trade, fiscal, and regulatory policies, the Fed requires more time to assess their impact on the economy. Powell pointed out, "The increase in tariffs this year may drive up prices and put pressure on economic activity." If the Fed finds itself in a so-called dilemma—where there is a conflict between achieving full employment and price stability—it will need to weigh the extent to which each goal deviates from the ideal level, as well as the time required to achieve these objectives.