Inflation is declining, but still far from the 2% target;
Tariffs have a significant impact on inflationary pressures, making it very difficult to achieve the goal;
Without stable prices, the labor market will be adversely affected;
Fed's two major tasks of "disinflation" and "promoting employment" are uncertain in the context of trade wars;
Before trade policies become clearer, the Fed will maintain an观望stance.
Clearly, Powell's remarks do not meet Trump's expectations.
Trump has always wanted to remove Powell, but the Fed chairman is not appointed by the president, so he can't do much about it. [Grinning]
Original article: https://www.toutiao.com/article/1829589458595844/
Disclaimer: The article represents the views of the author only.