Fed Chairman Powell: It's still unclear where the tariff level will end up

Odaily News Fed Chairman Jerome Powell said that after several years of solid growth, many forecasters expect growth to slow this year. Survey respondents pointed to the impact of new U.S. federal government policies, especially those related to trade. We are watching this tension between hard and soft data closely. As new policies and their possible economic impacts become clearer, we will have a better understanding of their impact on the economy and monetary policy. The level of tariffs is higher than almost all forecasters expected, but it is still unclear where they will ultimately land. People expect the Fed to tell the truth, and that is exactly what the Fed will do. (Jinshi)