According to Golden Finance, Federal Reserve Chairman Powell said that the investigation showed that tariffs drive inflation expectations and the uncertainty about the new policy and its impact was high. It would be difficult to determine the extent of the impact of tariffs on inflation, and it is too early to say whether it is appropriate to ignore the impact of tariffs on inflation. It also said that the new government is implementing major policy changes, and net effect is the key. Powell said inflation is still relatively high, with long-term inflation expectations still in line with 2%.