Powell: Wait for clearer signals before considering adjustments to policy stance.

GoldenOctober2024

On April 4, Jin10 reported that Federal Reserve Chairman Powell delivered a speech on the economic outlook, stating that we face a highly uncertain outlook. Assessing the potential economic impact of tariffs will be very difficult before there is greater certainty about the details. While uncertainty remains high, it is now clear that the increase in tariffs will be significantly greater than expected. The economic impact may be similar, which includes higher inflation and slower rise. The extent and duration of these impacts remain uncertain. We will continue to closely follow the upcoming data, the changing outlook, and the balance of risks. We are prepared to wait for clearer information before considering adjustments to our policy stance. It is still too early to say what the appropriate path for monetary policy is.

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