Federal Reserve Monetary Policy Report: It is still too early to assess the impact of tariffs on the economy

On June 20, the Federal Reserve released its latest monetary policy report to Congress on Friday, stating that the U.S. inflation rate has risen, the labor market remains robust, but suggesting that the impact of Trump's tariff measures may just be beginning to show, and reiterated the Fed's view that it can wait for clearer situations before taking action. The Fed stated in the report: "The impact of increased import tariffs on U.S. consumer prices this year is highly uncertain, as trade policies continue to evolve, and it is still too early to assess how consumers and businesses will respond. Although the effects of tariffs cannot be directly observed from official consumer price statistics, the pattern of net price changes for various goods this year suggests that tariffs may be one of the reasons for the recent rise in goods inflation." The report also stated that despite uncertainties, the financial system has remained "resilient." $BTC $ETH