Two senior Federal Reserve officials hinted that they will make cautious decisions later this year on whether to resume interest rate cuts.

On Wednesday, Federal Reserve officials pointed out that the huge policy uncertainty caused by the tariffs and other issues created by the Trump administration early on is one of the main challenges in determining the direction of U.S. monetary policy in the coming months. Chicago Fed President Charles Evans warned that ignoring the inflationary effects of tariffs would be a mistake, while Richmond Fed President Thomas Barkin said at this early stage it is still unclear whether any cost increases from tariffs will be absorbed or passed on to consumers. These officials’ views symbolize the cautious attitude taken by Federal Reserve officials in deciding whether to resume rate cuts later this year or to continue maintaining policy as it is. (Jinshi)