Federal Reserve Statement Comparison: First Meeting After Trade War Sounds Alarm on Risks and Uncertainties

The Federal Reserve continues to hold steady on benchmark interest rates, but the statement issued by the decision-making body after the meeting showed significant changes compared to March, mentioning the impact of net export fluctuations, increased uncertainty in the outlook, inflation, and rising risks of unemployment. Chairman Powell reiterated at the press conference that there is no need to rush to cut interest rates, considering the increased uncertainty in economic outlook and the tariff measures pushed by President Donald Trump, maintaining unchanged monetary policy remains the appropriate choice at present.