Fed Governor Cook: Monetary policy is in a favorable position

Odaily News Fed Governor Cook said that trade policy could make it more difficult to reduce inflation, and I have seen evidence that trade policy is currently affecting the economy. The economy is in a "solid state" and is expected to slow down this year despite the risks of trade policy. Trade policy poses risks to the Fed's inflation control and employment tasks. The Fed's goal of balancing the monetary policy process is committed to controlling long-term inflation expectations. The Fed's monetary policy is "in a good position" to cope with a variety of scenarios. (Jinshi)