Powell: Faced with uncertainty, the Federal Reserve will remain patient

According to Golden Finance, Federal Reserve Chairman Powell stated that before considering adjusting monetary policy, the Fed needs to further understand the current situation. He stated that given the ongoing changes in trade, fiscal, and regulatory policies, the Federal Reserve needs more time to assess their impact on the economy. Powell pointed out that "the increase in tariffs this year may push up prices and put pressure on economic activity." If the Federal Reserve finds itself in a so-called dilemma between achieving full employment and price stability, it will need to weigh the degree to which each goal deviates from ideal levels and the time required to achieve them.