Federal Reserve Chairman Powell's recent remarks focused mainly on the impact of tariff policies on the economy, as well as the challenges faced by the Federal Reserve in balancing inflation and economic growth. He made it clear that the Federal Reserve currently has no plans to stimulate the economy through interest rate cuts. Here are the key points from Powell's speech:

1. Inflation Risks

Powell pointed out that Trump's tariff policy could lead to a significant increase in prices in the short term and may even trigger more persistent inflationary pressures. The impact of tariffs on the economy may exceed expectations, leading to rising inflation and slowing economic growth.

2. Policy Dilemma

The Federal Reserve faces tough choices when adjusting interest rates, as lowering rates could stimulate inflation, while raising rates could exacerbate slowing economic growth and unemployment issues. Powell described the Federal Reserve's response to these challenges as akin to a soccer goalkeeper needing to make difficult judgments between inflation and growth.

3. Economic Situation

Although the current U.S. economy is robust, the growth rate has slowed. First-quarter GDP data did not meet expectations, indicating weak economic activity. Powell emphasized that the Federal Reserve may delay interest rate cuts until the economic outlook becomes clearer.