Powell: It's not clear what the right policy is, will wait and see before adjusting policy

April 4 news, according to gold ten reports, the fed chairman Powell on the economic outlook, he said, now the situation is different from the 1970s, people are facing the risk of higher unemployment and higher inflation, which is a challenge for the fed. (Employment and inflation) There may be tension between the two goals, but not the way we see it now. The Fed's job is to restore stability to the economy no matter what happens. Independence is critical for the Fed. （It is not the Fed's job to (respond to) the problems posed by trade policy, energy policy, climate change and immigration. The Fed cannot get involved in topics that are not assigned to us. The Fed does not need to rush into action, we have time. It is not clear what the appropriate policy is, the Fed will wait and see before adjusting policy.

Powell said he intends to complete his term of office and said he likes the job very much. There is no absolute certainty in this job and mistakes may be made.