PANews reported on March 20 that according to Wall Street, the Federal Reserve remained on hold - maintaining the target range of the federal funds rate at 4.25%-4.50%, in line with market expectations. On April 1, the pace of balance sheet reduction began to slow down, lowering the upper limit of monthly reduction of U.S. Treasury bonds to US$5 billion and maintaining the scale of monthly reduction of mortgage-backed securities (MBS) at US$35 billion. The resolution statement said: The uncertainty facing the economy has increased, and the growth forecast for 2025 has been lowered, while the inflation forecast has been raised. The wording about the roughly balanced risks faced by the Federal Reserve's two goals (maintaining price stability + achieving full employment) was omitted. Federal Reserve Board member Waller supported the FOMC interest rate decision this time, but disagreed with the balance sheet decision.