The US Federal Reserve ended its monetary policy meeting on May 7, local time, and decided to keep interest rates unchanged for the third time in a row. At Federal Reserve Chairman Powell's press conference, the term “tariff” was mentioned more than 20 times. Powell said the Trump administration's new policies are still evolving, and their impact on the economy is still “highly uncertain.” If the announced sharp tariff increases continue to be implemented, it may lead to increased inflation, a slowdown in economic growth, and a rise in unemployment. The impact of inflation may be short-lived, but it could also be “more long-lasting,” he said.

The US Federal Reserve ended its monetary policy meeting on May 7, local time, and decided to keep interest rates unchanged for the third time in a row. At Federal Reserve Chairman Powell's press conference, the term “tariff” was mentioned more than 20 times. Powell said the Trump administration's new policies are still evolving, and their impact on the economy is still “highly uncertain.” If the announced sharp tariff increases continue to be implemented, it may lead to increased inflation, a slowdown in economic growth, and a rise in unemployment. The impact of inflation may be short-lived, but it could also be “more long-lasting,” he said.