Chairman Powell: "Difficult to Achieve This Year's Goals if Tariff Policy Continues"

JH Kim

Summary

Jerome Powell, Chairman of the Fed, stated that the uncertainty of the tariff policy is significant, and achieving this year's economic goals may be difficult if it continues.
Chairman Powell mentioned that more data will be secured through discussions and negotiations related to tariffs, and he plans to respond swiftly if problems arise.
Additionally, Chairman Powell noted that a preemptive rate cut is challenging in the current situation.

According to CNBC on the 7th (local time), Jerome Powell, Chairman of the U.S. Federal Reserve (Fed), stated, "As negotiations and discussions on tariffs progress, we will be able to secure more data," and added, "If problems arise, we are in a position to respond quickly."

He continued, "The uncertainty of tariffs is too great. If the tariff policy continues, it may be difficult to achieve this year's goals," and added, "A preemptive rate cut is a challenging situation."