Agency: Trump's policies complicate the Fed's task

Odaily News Paolo Zanghieri, an analyst at Generali Investments, said in a report that the Fed's task is complicated by the huge uncertainty shock caused by the Trump administration's erratic economic policy statements. The economist said that the health of the U.S. economy makes the Fed not rush to cut interest rates until policy uncertainty is at least partially resolved. He was referring to Fed Chairman Powell's remarks last week. He said: "We expect this to be the main message of the March meeting, and the current position of the (Federal Open Market Committee) - two more rate cuts this year and two more rate cuts in 2026 - will not change." (Jinshi)