Jerome Powell, Chairman of the US Federal Reserve, has acknowledged the significance of the upcoming US-China talks. When questioned about their importance, Powell stated, "It is difficult to answer because I am not directly involved or engaged in the talks. Trade issues should be resolved by the government. However, how the dialogue between the US and China proceeds will be very important." Impact on the Economy: The outcome of these discussions could significantly influence global economic stability. Trade tensions between the two largest economies can create uncertainty and impact businesses worldwide. Any progress towards resolving trade disputes would be viewed positively by markets, potentially boosting investor confidence. Federal Reserve's Position: While the Federal Reserve remains neutral on trade policy, they closely monitor developments and assess their potential impact on inflation and economic growth. Powell's statement underscores the Fed's awareness of the interconnectedness between trade relations and monetary policy. A positive resolution could ease inflationary pressures and support continued economic expansion. ```