Powell says the Fed is in no hurry to change course, citing "uncertainty" over the impact of the Trump administration economic policies
Investors are looking to the Fed chair for hints about the direction of monetary policy after a weaker-than-expected jobs report.
Federal Reserve Chair Jerome Powell largely shrugged off the latest signs of softening labor conditions. In prepared remarks set to be delivered at the 2025 U.S. Monetary Policy Forum in New York City,
Diane Swonk, KPMG chief economist, and Gilbert Garcia, Garcia Hamilton and Associates CIO, and Steven Wieting, Citi Wealth chief investment strategist, join 'The Exchange' to discuss the Federal Reserve's policy,
On Thursday, Treasury Secretary Scott Bessent insisted the tariffs might cause some one-off price increases but would not show up as persistent inflation. He suggested the Fed's "Team Transitory" should "get back together" and look at tariffs in the same way it did at inflation in 2021.