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Recently, the Chair of the Federal Reserve (Fed), Jerome Powell, has expressed a neutral tone, balancing between the "hawkish" view (tightening monetary policy) and the "dovish" view (loosening policy). Although inflation has decreased from a peak of 7.2% in 2022 to about 2.5% in January 2025, Mr. Powell emphasized that the Fed will maintain a restrictive policy until there is clearer progress on inflation.

In this context, the Fed has paused interest rate cuts to assess the impact of current economic policies, particularly changes in tariffs and government spending. Mr. Powell stated that the Fed does not need to rush and will wait for greater clarity before adjusting interest rate policy.

However, he also noted that if the labor market weakens or inflation falls faster than expected, the Fed may loosen monetary policy. This indicates flexibility in the Fed's approach, ready to adjust policy based on the actual developments in the economy.

In summary, Chair Powell's current tone reflects caution and flexibility, leaning heavily toward "hawkish."