[Global Finance Comprehensive Report] According to foreign media reports such as Reuters, Fed Chair Powell on Tuesday local time stated that inflation is expected to start to move up soon, and the Fed will continue to observe the economic situation before deciding whether it is necessary to cut interest rates.
"We remain well positioned, so we're right to wait and see to better understand potential economic developments before considering whether to adjust the policy stance," Powell stressed. During the question-and-answer session, several Republican lawmakers questioned why the Fed has not taken action to cut rates. Powell responded that most economists inside and outside the Fed believe that tariffs will push up inflation. Policymakers want to observe the economic data in the next few months before making decisions.
In addition, Powell warned that tariffs imposed this year could push up commodity prices, putting pressure on economic activity. Tariffs may turn out to be a one-time inflationary shock or trigger persistent inflation, and the Fed will do everything it can do to prevent short-term shocks from turning into long-term problems.
鲍威尔的证词公布后,美国短期利率期货价格小幅下跌。
U.S. short-term interest rate futures fell slightly after Powell's testimony.