The impact of the policy is still unclear, and Federal Reserve officials reiterated the need to "wait."

ChainCatcher news, according to Jinshi Data, Federal Reserve Cleveland President Mester and San Francisco President Daly stated on Tuesday evening local time that, given the uncertainty of the impact of the Trump administration's policies, the best course of action for the Federal Reserve now is to wait before making any further policy decisions.

The two regional Fed presidents reiterated during their joint appearance at the Atlanta Fed Bank conference that, due to the uncertainty of trade policies, it is difficult to assess the direction of the economy, making it hard to determine how monetary policy should respond.