Federal Reserve Chairman Jerome Powell said Friday that the central bank can wait to see how President Donald Trump’s aggressive policy actions play out before it moves again on interest rates. With markets nervous over Trump’s proposals for tariffs and other issues, Powell reiterated statements he and his colleagues have made recently counseling patience on monetary policy amid the high level of uncertainty. The White House “is in the process of implementing significant policy changes in four distinct areas: trade, immigration, fiscal policy, and regulation,” he said in a speech for the U.S. Monetary Policy Forum. “It is the net effect of these policy changes that will matter for the economy and for the path of monetary policy.”
Source: Finance
