Powell: Waiting for clearer signals before considering adjustments to the policy stance; it is still too early to say what the appropriate path for monetary policy is

ChainCatcher Federal Reserve Chairman Powell delivered a speech on the economic outlook, stating: "We face a highly uncertain outlook. It will be very difficult to assess the economic impact of tariffs before we have greater certainty about the details. While uncertainty remains high, it is now clear that the magnitude of the tariff increases will be significantly greater than expected. The economic impacts may also be so, including higher inflation and slower growth. The extent and duration of these impacts remain uncertain.

We will continue to closely monitor the upcoming data, the evolving outlook, and the balance of risks. We are prepared to wait for clearer signals before considering adjustments to our policy stance. It is still too early to say what the appropriate path for monetary policy is."