Federal Reserve Messenger: Responding to Trump's tariffs, Fed is not in a hurry to cut interest rates

Odaily Planet Daily News: Nick Timiraos, the voice of the Federal Reserve, analyzed that Federal Reserve Chairman Powell downplayed expectations of easing economic weakness caused by Trump's tariffs through interest rate cuts. Powell frequently used the word 'wait' at press conferences, emphasizing that the Federal Reserve is not in a hurry to take action. Timiraos believes that Trump's trade policies have led to differences in monetary policies between the United States and other economies. Other economies have not significantly increased import tariffs and are facing weak demand and employment, without the price pressures that the United States may face. In addition, given that the United States has just experienced high inflation, the Federal Reserve is unwilling to take the risk of preemptive interest rate cuts to support slowing employment and is concerned about exacerbating inflation in the short term. Therefore, the position of the Federal Reserve is different from that of the European, Canadian, and British central banks. Powell hinted that the Federal Reserve will only consider cutting interest rates after seeing evidence of a significant slowdown in economic growth, and it may be a rapid rate cut. (Golden Ten)