Powell: Adjusting monetary policy on tariff issues' too early '

According to Caixin News Agency, Federal Reserve Chairman Jerome Powell stated in a speech that the uncertainty of the new tariff policy will decrease at some point, and the uncertainty should be much lower in a year. Now is a good time to take a step back and let the situation settle. The Federal Reserve is in a favorable position to respond to any possible situation. Previously, US President Trump urged that now is the perfect time to cut interest rates. Powell stated that US tariffs may lead to rising inflation, slower economic growth, and increased risk of unemployment in the United States. It is too early to adjust monetary policy on the issue of tariffs.