On April 10, Federal Reserve policymakers almost unanimously agreed at last month's meeting that the U.S. economy faces the risk of simultaneous inflation increases and economic slowdown, with some policymakers noting that the Federal Reserve may face a "difficult trade-off".
The meeting held from March 18 to 19 took place after the Trump administration's initial tariff plan, which increased economic uncertainty and led participants to lean towards a "cautious approach" - choosing to maintain higher interest rates for a longer period if inflation persists, or potentially cutting rates if a weakening economy requires more direct attention. "Participants assessed that economic prospects' uncertainty has increased, with almost all participants believing that inflation risks tend to trend upward, while employment risks tend to trend downward." (Jinshi)
