Powell: It is too early to judge which is more important, employment or inflation.

Federal Reserve Chairman Powell said it is "too early" to determine which of the Fed's dual mandates of high employment and stable prices is more important. Powell added that the policy rate is at a good level, and the Fed is waiting for clarification on President Trump's tariff policies. He described the Fed's current monetary policy as "modestly restrictive" and stated that the central bank will continue to monitor economic data. Powell, referring to current borrowing levels under tariff uncertainty, said, "This puts us in a favorable position of waiting and watching." "We feel that we don't need to be in a hurry. We believe we can remain patient."