PANews reported on April 4 that according to Cailian News, Federal Reserve Chairman Jerome Powell said in a speech that the uncertainty of the new tariff policy will decline at some point, and the uncertainty should be much lower in a year. Now is a good time to step back and let the situation settle. The Fed is in a good position to deal with any possible situation. The Fed's policy may be moderately restrictive. The Fed is waiting for the conditions for policy clarity.
Earlier, US President Trump urged that now is the perfect time to cut interest rates. In response, Powell said that US tariffs could lead to rising inflation, slower economic growth, and increased unemployment risks in the United States. On the issue of tariffs, it is "too early" to adjust monetary policy.
