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Recently, the Chairman of the Federal Reserve (Fed), Jerome Powell, has expressed a neutral tone, balancing between the 'hawkish' view (tightening monetary policy) and the 'dovish' view (easing policy). Although inflation has decreased from a peak of 7.2% in 2022 to about 2.5% in January 2025, Powell emphasized that the Fed will maintain a restrictive policy until there is clearer progress on inflation.

In this context, the Fed has paused interest rate cuts to assess the impact of current economic policies, particularly changes in tariffs and government spending. Powell stated that the Fed does not need to rush and will wait for greater clarity before adjusting interest rate policy.

However, he also noted that if the labor market weakens or inflation decreases faster than expected, the Fed could ease monetary policy. This indicates flexibility in the Fed's approach, ready to adjust policy based on the actual developments of the economy.

In summary, Chairman Powell's current tone reflects caution and flexibility, leaning firmly towards 'hawkish'.