Attention and clarity are two convenient from Fed’s records, but Powell can be ‘pasted’ in limbo ‘

• The federal reserve remains in a careful pattern Like partially developed economic uncertainty by the volatile trade policy, the FOMC was unanimously in the amount of 4.25% to 4.5%. Despite the inflation close to the target and continuous unemployment, the Fed continues to provide increased risks from both the decline and inflation, especially potential tariff effects.

Jerome Powell’s work will start to solve America’s economic variability, but unfortunately will begin to have any information.

Thus, the Federal Open Market Committee (FOMC) remains in the stadium, or wait for information or anecdotal evidence until another incision ad.

Only 19 times used in FOMC notes broadcast on Wednesday in connection with the group’s meeting in MayDo not rush to reduce the base ratio of the committee.

In 2025, the ratio wanted to date has been cut (Especially desired by President Trump) Foreign members did not come by hitting the hatchs under an obstacle from the economic policy that changed outside the White House.

Despite the pressure from the oval office, the Fed President Jerome Powell, FOMC’s normalization was accepting waiting and seeing an approach before deciding on the way to normalize.

“Uncertainty about the economic outlook has increased the notes,” he said. “The Committee pays attention to the risks of increasing the risk of dual mandate and higher unemployment and higher inflation risks.”

Each member of the Committee voted for his proportions Up to 4.5% of the current level of 4.25%.

The fed’s dual mandate, a double mandate for inflation, the clouds are ventilated in the horizon in the form of Trump’s tariffs, and the current forms came to fruits.

Analysts expect to return to the drawing board to push the Tariff 2.0 Tariff Plan of Trump 2.0 The court blocked the tariffs for “Liberty Day”In turn, it will change the outlook for consumers.

To recalculate, since the early meeting of the FOMC, Trump has brought up to 30% levels to China’s imports, agreed with the 90-day break on the tariffs with Beijing. He also threatened the EU 50% tariff in the EU before pushing this result until June 9.

Similarly, the president has begun to do business threats, explains Apple If local is not produced, 25% increase in increases with a 25% increase.

Of course, in the second term of most tariffs in the second term, it was declared in the second time of some sector sanctions on the Likes of autos and steel.

Without additional confusion of the past few weeks, the fed’s records clearly show the tactics for the near future.

“The delegation continued to record large amounts of uncertainty around trade policy and other economic policies and now the uncertainty in the last 20 years,” the notes continue.

“The risks in real activity were seen as bent on the negative, and the staff looked at almost the basic prediction of the economy, almost the main forecast.”

So Ugly The chief economist Gregory Daco says “standing in a waiting position,” he says.

The binary mandate is holding steady

Critics of Powell’s strategy can bring about 2% of the fed mandate, the difficulty of inflation mandate and the target of 2%.

For example, in April, Over the past 12 months, the consumer price index was held at 2.3%The Fedin can conspire why it protects the position of such intense money.

However, the decision-making of FOMC is not only based on retrospective data; That is It is based on the way that is likely to be taken by the economy.

According to this point, according to this point, “Participants in inflation, these effects or surveys, these classifications or surveys, said they plan to partially or complete the results of surveys.

“Several participants noted that firms are not subject to direct tariffs, if other prices increase, the opportunity to increase their prices.”

In the same way, this month ago Bureau of US Labor Statistics In April, the unemployment rate was not changed at 4.2%.

However, the participants … They stabilized the level of unemployment in a low level … In connection with the growth of economic outlook and higher inflation risks, all participants viewed the target range for the level of federal funds. “

This story was first displayed Fortune.com

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