Federal Reserve Chairman Powell's recent remarks have primarily focused on the impact of tariff policies on the economy, emphasizing the challenges of balancing inflation and economic growth, and clearly stating that the Federal Reserve does not plan to stimulate the economy through interest rate cuts. Here are his main points:

1. Inflation Risks

Powell pointed out that Trump's tariff policy could lead to significant price increases in the short term and may even trigger more persistent inflationary pressures. Tariffs not only affect the prices of imported goods but could also impact global supply chains, exacerbating inflation.

2. Policy Dilemma

The Federal Reserve faces a tough choice between controlling inflation and supporting economic growth. Any interest rate adjustment could intensify the conflict between the two. For example, lowering interest rates could stimulate economic activity but may also further drive up inflation.

3. Current Economic Situation

Although the U.S. economy is still in a robust state, the growth rate has slowed. The first-quarter GDP data did not meet expectations, indicating weakness in economic activity. Powell mentioned that while the labor market is close to full employment, the rising inflation rate poses a challenge to economic growth.