The Chairman of the Federal Reserve (Fed), Mr. Powell, delivered a speech about economic prospects on April 4th. He emphasized that the current situation differs from the 1970s, with high unemployment risks and increasing inflation, presenting a significant challenge for the Fed. The tension between employment and inflation goals may occur, but not in the same manner as now. The Fed's responsibility is to restore economic stability regardless of the circumstances.

Powell stressed the importance of independence for the Fed, noting that the Fed is not responsible for addressing issues related to trade policy, energy, climate change, and migration. The Fed cannot engage in matters outside its scope of responsibility. Additionally, there is no need to act hastily; the Fed has time to assess the situation. The appropriate policy is not yet clear, and the Fed will observe before adjusting its policy.

Mr. Powell confirmed his desire to complete his current term and expressed his love for the job. He also emphasized that there is no absolute certainty in this work and mistakes can happen. This content is intended to provide market information and is not investment advice.