Internet reports that the Federal Reserve's latest monetary policy report released to Congress on Friday stated that U.S. inflation has risen and the labor market conditions are stable, but suggested that the impact of Trump's tariff measures may have just begun to feel, and reiterated the Federal Reserve's view that it can wait for more clarity before taking action. The Fed said in its report: "The impact of this year's import tariff increases on U.S. consumer prices is highly uncertain because trade policy continues to evolve and it is too early to assess how consumers and businesses will respond." Although the impact of tariffs cannot be directly observed from official consumer price statistics, this year's pattern of net price changes for various commodities suggests that tariffs may have contributed to the recent rebound in commodity inflation." The report also stated that despite uncertainties, the financial system has been "resilient."