MFS Investment Management's Chief Economist and Portfolio Manager Weissman said in a report that Federal Reserve Chairman Powell will almost certainly express a wait-and-see attitude at this week's meeting. The chaos of U.S. tariff policy has made the future macroeconomic outlook particularly difficult to predict. The Federal Reserve will also note that inflation caused by tariffs, even if theoretically considered temporary, may lead to more persistent actual inflation. Therefore, without clear signals indicating a substantial weakening of the economy, the Federal Reserve is unlikely to loosen its policy. In other words, in the absence of actual economic deterioration, the Federal Reserve may delay interest rate cuts if necessary.