Federal Reserve Chairman Powell: Stable inflation expectations, tariffs may push up prices

According to a report by Jin Shi, Federal Reserve Chairman Powell stated that long-term inflation expectations remain consistent with the 2% target, and although inflation has significantly eased, it is still above the target level. He pointed out that tariffs may push up prices and put pressure on the economy, and the final impact will depend on the level of tariffs. Powell emphasized that the Federal Reserve is currently in a favorable position and can wait for more data before considering interest rate adjustments, while acknowledging that there is still uncertainty about the impact of policy adjustments on the economy.