Federal Reserve Vice Chairman Jefferson: There is still great uncertainty in trade policy and it takes time to evaluate

Odaily Planet Daily News - Federal Reserve Vice Chairman Jefferson declined to provide any details on how the Trump administration's sweeping tariffs will affect his views on the economic and monetary policy outlook, although he seemed to hint at some concerns that they could have a dampening effect on economic growth. "There is still a lot of uncertainty about trade, and that uncertainty will certainly put pressure on household and business investment," Jefferson said in response to questions about trade policy. He said he is assessing not only the impact of trade policy, but also the net impact of all new policies, including fiscal, immigration and regulation. "We are in a situation where it is important to take the time to think carefully about their impact." (Jin Shi)