Golden Finance reported that the Federal Reserve Gulsby said that if consumers stop spending due to uncertainty or companies suspend investment, the economy will be in chaos. Theoretically, the impact of tariffs on prices should be temporary, but considering factors such as retaliatory tariffs and taxation of intermediates, the actual impact may be more lasting. Goulsby stressed that although surveys show corporate and consumer confidence “almost fell to the bottom,” physical data still suggests solid U.S. economic growth. He maintained his previous judgment and expected a rate cut in the next 12 to 18 months. (Jin Shi)