The latest monetary policy report released by the Federal Reserve to Congress on Friday states that the U.S. inflation rate has risen, the labor market remains robust, but it suggests that the impact of Trump's tariff measures may just be beginning to show, and reiterates the Fed's stance that it can wait for clearer circumstances before taking action.

The Fed noted in the report: "The impact of increased import tariffs on U.S. consumer prices this year is highly uncertain, as trade policy continues to evolve, and it is still too early to assess how consumers and businesses will react.

Although the impact of tariffs cannot be directly observed from official consumer price statistics, the patterns of net price changes for various goods this year suggest that tariffs may be one of the reasons for the recent rebound in goods inflation." The report also mentioned that, despite the uncertainty, the financial system has remained "resilient."

The basic responsibility has been shifted to old Trump.