Powell will represent the Federal Reserve in making a public assessment of tariff policy tonight

According to Jinshi reports, Federal Reserve Chairman Powell will deliver a public speech tonight, which will be the Fed's open assessment of Trump's tariff policy. The tariff policy has made "stagflation" risk a topic of discussion among market participants again.

Adam Posen, director of the Peterson Institute for International Economics in Washington, said that it is not the responsibility of the Federal Reserve to formulate trade or tax policies; the government can do whatever it wants. However, the Fed should more clearly point out that according to all existing mainstream evidence, tariffs are more likely to lead to inflation (rising). At the time when Trump was about to implement tariff policies, inflation levels were not low.