Federal Reserve's Powell: Uncertainty requires monetary policy to remain cautious

The Jinsan data on February 26th, the Federal Reserve’s Barkin said on Tuesday that he would take a wait-and-see attitude towards the Intrerest Rate policy of the Central Bank until inflation clearly returned to the Fed’s 2% target level. Barkin said that the current uncertainty, whether driven by trade and other policy changes of the Trump administration or other factors, requires the Central Bank to be cautious in ending the inflation struggle. He believes that in this uncertainty, it is difficult to make major monetary policy adjustments. So, he would rather wait and see how this uncertainty plays out and how the economy reacts. Barkin also said that the Intrerest Rate should remain moderately restrictive until officials are more confident that inflation will return to the 2% target.