According to Jin Ten Data, Federal Reserve Chairman Powell stated that the current economic situation is different from that of 2019, and it is not possible to preemptively cut interest rates. In 2019, the inflation rate was below the Fed's 2% target, while now the inflation rate is above the target.
Powell pointed out that due to the impact of tariffs, inflation is expected to face upward pressure. He emphasized that the Federal Reserve cannot determine the correct policy response before seeing more data.