In sharp contrast to Powell's statement, senior Fed officials: It would be a mistake to ignore tariffs.

Senior Fed officials warned that it was wrong to underestimate the impact of Trump's tariffs.

On Wednesday, local time, Austan Goolsbee, president of the Chicago branch of the Federal Reserve, warned that it would be a "mistake" to underestimate the potential impact of Trump's planned tariffs, and it would be "dangerous" for the Fed to follow "pure economic theory" and ignore supply shocks such as tariffs.

Goolsbee stressed that the United States is currently facing a series of supply chain challenges, including strikes, natural disasters and "large-scale tariff threats and potential trade friction escalation." The "overwhelming" lesson brought by the epidemic is that Fed officials should not ignore supply-side shocks, which have been the most important drivers of inflation in the past five years.

Goolsbee said in his speech:

"Although these threats are not as large as during the epidemic, it would be a mistake to ignore their potential consequences."

As a member of the Federal Open Market Committee (FOMC), Goolsbee's statement is in sharp contrast with the cautious attitude of Federal Reserve Chairman Powell last week. Powell said earlier that policymakers need to "wait and see" the impact of tariffs before deciding how to influence interest rate decisions.

Earlier, Trump threatened to impose a 25% tariff on Mexico and Canada, the two largest trading partners of the United States. On Monday afternoon, Trump announced that he would postpone the tariff collection for 30 days.

At present, most private economists expect that Trump's tariff plan will push up inflation. Since last autumn, the market's expectation for the Fed to cut interest rates this year has dropped sharply, because the price growth rate is still higher than the central bank's target.

In addition, Trump also said that he would communicate with Powell on a regular basis, hoping that the cost of borrowing in the United States would drop "substantially". However, US Treasury Secretary Bertrand denied that Trump was putting pressure on the Federal Reserve.

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