Analyst: Federal Reserve Chairman Powell has the opportunity to publicly assess the impact of tariffs, and should seize it well

Federal Reserve Chairman Powell will deliver a public speech tonight, which will be an opportunity for him to publicly assess the impact of Trump's high tariffs on major U.S. trade partners on the economy. Although these policy changes have happened quickly and not much other impact can be seen in data outside of daily fluctuations in stocks, bonds, and foreign exchange markets, collectively they have made "stagflation" risk a topic of discussion among forecasters again. Adam Posen, director of the Peterson Institute for International Economics in Washington, said that it is not the Fed's job to make trade or tax policies; the government can do whatever it wants. But the Fed should more clearly point out that according to all existing mainstream evidence, tariffs are more likely to cause inflation (to rise). At a time when Trump is implementing tariff policies, inflation levels are not low. (Jin Shi)