Powell: Unable to Immediately Determine Whether Inflation or Unemployment is More Critical, Now is Not the Time to Proactively Cut Interest Rates

BlockBeats News, May 8th, Federal Reserve Chair Powell was asked which aspect needs to be addressed first — higher inflation or the unemployment rate. He stated that both of these risks have increased. It is currently unclear which one would be a greater concern. He said, "It is premature to reach a conclusion at this time." If tariffs remain unchanged, there will be no progress on the dual mandate this year. It is not yet the time for the Fed to proactively cut rates. (FXStreet)