Powell will publicly assess the tariff policy on behalf of the Federal Reserve tonight

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell will deliver a public speech tonight, which will be a public assessment of the Trump tariff policy by the Federal Reserve. The tariff policy has made the risk of "stagflation" a topic of discussion among market participants again.

Adam Posen, director of the Peterson Institute for International Economics in Washington, stated that the Federal Reserve's responsibility is not to formulate trade or tax policy, and the government can do whatever it wants. However, the Federal Reserve should more clearly indicate that, based on all existing mainstream evidence, tariffs are more likely to lead to rising inflation. At the time Trump is set to implement the tariff policy, inflation levels are not low.