The Federal Reserve continues to remain inactive, emphasizing the rising risks of unemployment and inflation

Odaily Planet Daily News: The Federal Reserve has 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 stated that "the uncertainty of the economic outlook has further increased. The committee is paying attention to the risks facing both sides of its dual mission and judging that the risks of high unemployment and high inflation have risen." Officials unanimously voted to maintain interest rates in the range of 4.25% -4.5%. The Federal Reserve has stated that it will continue to reduce its balance sheet at the pace announced at its March meeting. Trump's trade policies have sparked a wave of uncertainty throughout the economy. Although tariffs are still under negotiation, economists generally expect that comprehensive tariffs will push up inflation and drag down economic growth. This will make the two goals of policy makers (price stability and maximizing employment) contradictory to each other. (Golden Ten)