Strategist: The Federal Reserve's dual mandate may go in opposite directions.

[Strategist: The Federal Reserve's Dual Mandate May Head in Opposite Directions] Seema Shah, Chief Global Strategist at Principal Asset Management, stated that the Federal Reserve has found itself in an almost desperate situation, where its dual mandate—full employment and price stability—may be at odds with each other. However, the incredibly high uncertainty of U.S. government policies will determine the timing and extent of these changes. Trump's tough stance on tariffs has further exacerbated the Federal Reserve's awkward position. In this scenario, the Federal Reserve can only choose to stand by. Rate cuts are necessary, but the Federal Reserve seems increasingly in need of waiting until the end of the third quarter for the window of opportunity to open.