Policy impact is unclear, Fed officials once again reiterate the need to "wait"
Internet reports that Federal Reserve Chairman Cleveland Fed Hamack and San Francisco Fed Chairman Daley said on Tuesday night local time that given the uncertainty of the impact of the Trump administration's policies, the Fed's best practice now is to wait and then make any further policy decisions. In a joint appearance at the Federal Reserve Bank meeting in Atlanta, the two local Fed chairmen reiterated that it is difficult to judge the direction of the economy because trade policy remains uncertain, so it is difficult to know how monetary policy should respond. (Jin Shi)
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