The impact of the policy is still unclear, and Federal Reserve officials have once again emphasized the need to "wait."

On May 21, The Federal Reserve (FED) Cleveland Fed President Mester and San Francisco Fed President Daly stated on Tuesday evening local time that given the uncertainty of the impact of the Trump administration's policies, the best course of action for the Federal Reserve (FED) now is to wait before making any further policy decisions. The two regional Fed presidents reiterated during their joint appearance at the Atlanta Fed Bank conference that it is difficult to assess the economic direction due to the uncertainty of trade policy, making it hard to determine how monetary policy should respond. ( Jin10 )

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