Summary
- Chair Jerome Powell said inflation driven by tariffs is a one-off price increase that could lift overall prices by 0.5% to 1.0%.
- He noted that developments in the Middle East are affecting energy costs, including gasoline prices.
- He said current monetary policy is in a good position to wait-and-see, suggesting the Fed may maintain a cautious policy stance for the time being.
Forecast Trend Report by Period
U.S. Federal Reserve Chair Jerome Powell struck a cautious tone on inflation and the policy path.
According to Walter Bloomberg on the 30th (local time), Powell said, “Inflation from tariffs is a one-time price increase that could lift overall prices by about 0.5% to 1.0%.”
He also noted that developments in the Middle East are affecting energy costs, including gasoline prices.
On current monetary policy, he emphasized that “policy is in a good position to wait-and-see.”
The remarks suggest the Fed is likely to maintain a cautious policy stance for the time being even as some inflation pressures persist.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
