Institution: Among major central banks, the Federal Reserve is in the most comfortable position, but uncertainties persist after the new chair takes office.

```htmlGolden Ten Data reported on May 21 that Benoit Anne, Managing Director and Head of Market Insights at MFS Investment Management, stated that the trade-off between inflation and growth is a concern for major central banks—in more extreme cases, financial stability also becomes a concern. Sometimes this involves certain policy trade-offs, especially as stagflation risks rise. "Among the current major central banks, the Federal Reserve may be in the most relaxed position," he noted, adding that the macro environment facing the Federal Reserve is characterized by rising inflation risks, but resilient economic growth. "This should mean a cautious policy stance moving forward, although there is some uncertainty regarding the direction the Federal Reserve will take under the new Chair."```