The chairman of the Federal Reserve (FED) warned about Trump's tariff policy, suggesting that the market should maintain patience with the policy.

Federal Reserve Chairman Jerome Powell delivered a speech on April 4, expressing concerns about the inflation risks that may arise from the new tariff policy announced by the Trump administration, while emphasizing that the Federal Reserve will not hastily adjust its interest rate policy.

At a recent business news event, Powell pointed out that the 10% benchmark tariff and possible retaliatory measures have created a "highly uncertain outlook," but the central bank needs more time to assess the specific impacts.

Powell stated that it is still too early to determine the appropriate path for monetary policy and reiterated that the core mission of the Federal Reserve (FED) is to ensure that short-term price fluctuations do not evolve into a long-term inflation problem. Although the market widely expects the Federal Reserve (FED) to cut interest rates by at least 1 percentage point by the end of the year (according to CME data), Powell made it clear that if inflation risks rise, this expectation could be dashed.

It is worth noting that Powell emphasized the independence of the Federal Reserve (FED) multiple times during his speech, gently rejecting Trump's recent public pressure to lower interest rates. He acknowledged that despite the good fundamentals of the U.S. economy, with low unemployment and stable demand, the core inflation index (core CPI) still stands at 3.1% (March data), significantly above the 2% target level.

Against the backdrop of escalating global trade tensions, Bitcoin has shown remarkable resilience, continuing to trade above $83,000, unaffected by the volatility of traditional risk assets. Analysts believe that this "immunity" exhibited by the cryptocurrency may stem from investors viewing it as a hedge against inflation and political uncertainty.

As multiple countries announce retaliatory tariff measures, Powell warns that the speed and extent of new pricing pressures permeating the supply chain remain difficult to predict.

Meanwhile, the Federal Reserve (FED) will announce its next interest rate decision in early May, and Powell's statements seem to signal that the Fed will soon make a policy change. However, before the economic fog caused by tariffs clears, the market may still maintain a stable trend.

What changes do you think the Federal Reserve's next tariff policy will bring to the cryptocurrency market? What impact will Powell's remarks have on the market? Leave a comment in the discussion!

#美联储 # Powell #关税政策 # inflation