Powell: Uncertainty about the economic path is high, and downside risks have increased

Federal Reserve Chairperson Jerome Powell said that uncertainty about the path of the economy is extremely high, and downside risks have increased. Uncertainty may be reflected in weak economic data; risks of rising unemployment and rising inflation have risen, but have not yet appeared in the data; the right thing to do is to wait for further certainty. Businesses and households are generally concerned, and if nothing is done to ease these concerns, these concerns are expected to become apparent in the data in weeks or months.