Odaily News BlackRock Investment Institute head Boivin said that unusually high policy uncertainty this year has disrupted financial markets, and the Fed is powerless to address the problem, and it has also been affected. He said that Fed Chairman Powell repeatedly emphasized this point in his policy statement on Wednesday, pointing out that uncertainty is a reason for "(maintaining) policy inertia." "We believe that it will be difficult for the Fed to cut interest rates more than one or two times this year - even if long-term uncertainty begins to undermine otherwise healthy economic growth." (Jinshi)