Summary
- Jerome Powell said recent upward pressure on inflation has largely been driven by goods prices and the effects of tariffs.
- Powell emphasized uncertainty over the impact of rising energy prices, saying it is not yet known.
- He said the current level of monetary policy is in an appropriate place, suggesting the Fed may maintain a cautious policy stance for the time being.
Forecast Trend Report by Period
Jerome Powell, chair of the U.S. Federal Reserve (Fed), recently commented on the factors behind the uptick in inflation and the policy stance.
According to Walter Bloomberg on the 18th (local time), Powell said that “recent upward pressure on inflation has largely come from goods prices and the effects of tariffs.”
On the impact of rising energy prices, he stressed the uncertainty, saying “we just don't know.”
Assessing the current economic situation, he said, “we are in a difficult situation,” while adding that “the current level of monetary policy is in an appropriate place.”
The remarks are interpreted as signaling that, amid persistent uncertainty over prices, the Fed is likely to maintain a cautious policy stance for the time being.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
