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Analyst: Powell may not provide much clarity.
Jin10 data reported on May 7, Federated Hermes’ Karen Manna stated that Federal Reserve Chairman Powell may not be able to meet investors’ thirst for clarity when he speaks to reporters after tomorrow’s interest rate decision. It is expected that the Federal Reserve will keep interest rates unchanged, and Powell may face questions about the impact of tariffs on inflation and the economy. The final level of tariffs and their duration remain unknown, which limits Powell’s ability to provide clearer information. “Forecasting is always fraught with difficulties, and making predictions in the context of constantly changing targets is almost impossible.” She expects this uncertainty to last until the Federal Reserve’s June meeting unless there are substantial changes.