Institution: The Fed can hardly offset the impact of high uncertainty

Odaily Planet Daily News: BlackRock Investment Institute head Boyven said that unusually high policy uncertainty this year has disrupted financial markets, and the Federal Reserve is powerless to solve this problem, and it has also been affected. He said that Federal Reserve Chairman Powell emphasized this point many times in his policy statement on Wednesday, pointing out that uncertainty is a reason for "(maintaining) policy inertia." "We believe that it will be difficult for the Fed to cut interest rates more than one or two times this year - even if long-term uncertainty begins to undermine otherwise healthy economic growth." (Jinshi)