TechFlow news — On March 20, according to Jinshi News, Boyce, head of BlackRock Investment Institute, said unusually high policy uncertainty this year has disrupted financial markets, and the Federal Reserve is powerless to address this issue—and is itself affected.
He noted that Fed Chair Powell emphasized this point multiple times in Wednesday's policy statement, citing uncertainty as a reason for "policy inertia." "We believe the Fed will find it difficult to cut rates more than once or twice this year—even if prolonged uncertainty begins to harm what was otherwise healthy economic growth."
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