内容摘要：“But I’m looking forward to very thoughtful discussions, very productive discussions over the next few days, and I’m absolutely convinced we’re going to get this in final form and pass it.”

“But I’m looking forward to very thoughtful discussions, very productive discussions over the next few days, and I’m absolutely convinced we’re going to get this in final form and pass it.”

During a press conference after the release of the policy statement, Chair Jerome Powell underscored that the tariffs have dampenedsentiment but have yet to noticeably harm the economy. At the moment, Powell said, there’s too much uncertainty to say how the Fed should react to the duties.

“If the large increases in tariffs that have been announced are sustained, they’re likely to generate a rise in inflation, a slowdown in economic growth, and a rise in unemployment,” Powell said. The impacts could be temporary, or more persistent, he added.“There’s just so much that we don’t know,” he added. “We’re in a good position to wait and see.”AP Washington correspondent Sagar Meghani reports the Federal Reserve is leaving its key interest unchanged for a third straight meeting.

It is unusual for the Fed to face the risk of both higher prices and more unemployment. Typically, rising inflation occurs when consumers are spending freely and businesses, unable to meet all the resulting demand, raise their prices instead, as happened after the pandemic. Meanwhile, increasing unemployment occurs in a weaker economy, which usually slows spending and cools inflation.A combination of both higher unemployment and steeper inflation is often referred to as “stagflation” and strikes fear in the hearts of central bankers, because it is hard for them to address both challenges. It last occurred on a sustained basis during the oil shocks and recessions of the 1970s.

Most economists say, however, that Trump’s

do pose the threat of stagflation. The import taxes could both lift inflation by making imported parts and finished goods more expensive, while also raising unemployment by causing companies to cut jobs as their costs rise.Overtaking is near-impossible on Monaco’s narrow streets. To make the race more of a strategy contest, F1’s governing body, the FIA, required two tire changes in the hope that smartly timed pit stops would create drama.

Last year’s winner Charles Leclerc had predicted “chaos” but instead it was a frustrating race for many drivers as some drove extra slowly to create a gap for a teammate in front to pit without losing positions. Mercedes driver George Russell argued the go-slow led to dangerous situations.Winner Lando Norris was scathing about the rule change, something he saw as an attempt to create “manufactured racing.”

Norris spent much of the race behind Max Verstappen, who delayed his second stop, hoping for a red-flag stoppage. That would have allowed a free tire change, and maybe given Verstappen the win.“There’s not been any more overtaking here. I thought that was what was wanted,” Norris said. “Now you just give people opportunity by luck, by waiting for a red flag, waiting for a safety car. You aren’t getting a more deserved winner in the end of things.”