Powell spoke about the economic appearance at the annual business conference and the writing of business editorial team and writing.
Powell spoke for the first time after the announcement of mutual tariffs by US President Donald Trump and said that the economy was still in a good place despite the high and downward risk of uncertainty.
Powell said that the data was much closer to solid growth, a job market in balance and a 2 percent goal, but still indicates inflation above the bank's target.
“If we look forward to, high tariffs will have an impact on our economy and will probably increase inflation in the upcoming quarters,” said Fed President Powell. he said.
Powell explained that both survey and market-based measurements in connection with short-term inflation expectations reflect in a way that reflects this. Long -term inflation expectations are still well cordoned and compatible with a 2 percent destination.
Powell emphasized that the determination of inflation to a sustainable goal of 2 percent.
Powell said that you will continue to carefully monitor the data, the developing appearance and the risk of risk, and you are in a good position to expect more clarity before you think about adapting to the political attitude.
“It is too early to say what the corresponding course for monetary policy will look like.” he said.
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