Federal Reserve Monetary Policy Report: It's Too Early to Evaluate the Impact of Tariffs on the Economy

Odaily Planet Daily News: The latest monetary policy report released by the Federal Reserve to Congress on Friday stated that the inflation rate in the United States has increased and the labor market conditions are stable, but hinted that the impact of Trump's tariff measures may have just begun to emerge, and reiterated the Fed's view that action can be taken after clearer circumstances. The Federal Reserve stated in its report that "the impact of increased import tariffs on US consumer prices this year is highly uncertain as trade policies continue to evolve, and it is too early to assess how consumers and businesses will react. Although the impact of tariffs cannot be directly observed from official consumer price statistics, the net price change patterns of various commodities this year suggest that tariffs may be one of the reasons for the recent rebound in commodity inflation." The report also stated that despite uncertainty, the financial system has always been "resilient. (Golden Ten)