Powell says Fed is awaiting 'greater clarity' on Trump policies before making next move on rates

Federal Reserve Chairman Jerome Powell stated that the central bank will wait to assess President Donald Trump’s policy actions before making any further moves on interest rates, citing high uncertainty surrounding trade, immigration, fiscal policy, and regulation changes. Powell emphasized the need for patience in monetary policy decisions, focusing on understanding the net effect of these policy changes on the economy before taking any action, despite market expectations for interest rate cuts.

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