The policy impact is still unclear. Federal Reserve officials reiterate the need to 'wait'

According to a report by Golden Finance, Cleveland Fed President Hamack and San Francisco Fed President Daley stated on Tuesday evening local time that given the uncertainty surrounding the impact of the Trump administration's policies, the best course of action for the Fed now is to wait before making any further policy decisions. During their joint appearance at the Atlanta Federal Reserve Bank meeting, the two regional Fed presidents reiterated that due to the uncertainty of trade policy, it is difficult to determine the direction of the economy and therefore how monetary policy should respond. (Golden Ten)