According to online reports, Federal Reserve Bostick said that uncertainty surrounding the Trump administration's tariffs and other policies has caused the U.S. economy to fall into a "great pause" and he suggested that the Fed hold its hands until the situation becomes clearer. "Where the economy will land depends critically on the details of where the policies will land," he said. "Because we don't know yet, which is another reason why I feel it would be imprudent to take policy action too boldly in any direction." Bostic said tariffs could push up prices, which means it could take longer than he previously thought to bring inflation back to the Fed's 2% target, possibly until 2027. At the same time, economic growth is likely to slow, with GDP growth set to exceed 1 percent this year, but less than half of recent growth, he said. Bostic would not say whether he still believes the Fed will cut interest rates once this year, a view he expressed in March. (Jin Shi)