Planet Daily News: Federal Reserve Board member Adriana Kugler stated early Thursday morning that maintaining the current interest rate level is appropriate before inflation upside risks subside. In her pre-prepared remarks, she pointed out that changes in government policies, the recent stagnation of inflation cooling, and rising inflation expectations are key reasons for maintaining policy patience. "As long as inflation upside risks persist and economic activity and employment remain stable, I will support maintaining the current policy interest rate." Although theoretically, one-time tariffs should have a short-term impact on inflation, their impact could be more lasting if they affect multiple economic sectors and further push up inflation expectations. Data shows that inflation levels have improved little recently after reaching a 40-year high in 2022. The University of Michigan survey indicates that consumer long-term inflation expectations rose to a 32-year high in March. Kugler emphasized the importance of stabilizing inflation expectations, noting recent increases in both short-term and long-term inflation expectations. (Jinshi)