Federal Reserve Chairman Powell: It is still too early to say what the appropriate path for monetary policy is.

Odaily News The Federal Reserve (FED) Chairman Powell spoke on the economic outlook, stating that we are facing a highly uncertain outlook. Before having greater certainty about the details, it will be very challenging to assess the economic impact of tariffs. While uncertainty remains high, it is now clear that the magnitude of tariff increases will be significantly greater than expected. The economic impacts may also be so, which include higher inflation and slower growth. The extent and duration of these impacts remain uncertain. We will continue to closely follow the upcoming data, the evolving outlook, and the balance of risks. We are prepared to wait for clearer signals before considering adjustments to our policy stance. It is still too early to say what the appropriate path of monetary policy is. (Jin10)