Federal Reserve Governor Cook: Monetary Policy in a Favorable Position

Odaily Planet Daily News: Federal Reserve Governor Cook stated that trade policy may make it more difficult to reduce inflation, and I have already seen evidence showing that trade policy is currently affecting the economy. The economy is in a "solid state," although facing trade policy risks, it is expected that economic growth will slow down this year. Trade policy poses risks to the Federal Reserve's inflation control and employment mandate. The Federal Reserve will balance its goals in the monetary policy-making process, committed to controlling long-term inflation expectations, and its monetary policy is "well-positioned" to respond to various scenarios. (Jin10)