Powell: The uncertainty in the Federal Reserve's forecasts is exceptionally high, and the short-term path is more indicative

ChainCatcher message, Federal Reserve Chairman Powell stated, "The current Federal Open Market Committee forecasts are uncertain, and this uncertainty is exceptionally high. The Federal Open Market Committee's forecasts are not a plan. We cannot assume that the inflation shock from tariffs is a one-time event. When focusing on predictions regarding the Federal Reserve's policy path, attention should be paid to the short term; long-term predictions are more difficult." (Jin Ten)