The Fed chair reassured an audience at the University of Chicago the economy was in a “good place” despite “elevated uncertainty.”
The U.S. central bank will be in no rush to cut interest rates while it waits for more clarity on how the policies of the new Trump administration affect the economy, Federal Reserve Chair Jerome Powell said on Friday.
The new White House administration is making major changes in trade, immigration, fiscal policies, and deregulation. "It's the net effect of these policies" that matters, Federal Reserve Chair Jerome Powell said on Friday at the University of Chicago Booth School of Business.
Federal Reserve Chair Jerome Powell said Friday that the central bank is working to separate “the signal from the noise” in order to formulate its monetary policy amid a flurry of new initiatives
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