Central Banks
Powell’s Wait-and-See on Trump Policies Is a Switch From 2016
- Several officials anticipated fiscal policy in 2016 forecasts
- Economists see Trump tax, tariff plans stoking inflation
President-Elect Donald Trump and Federal Reserve Chair Jerome Powell.
Photographer: Hannah Beier and Al Drago/BloombergThis article is for subscribers only.
Federal Reserve Chair Jerome Powell says he wants to wait and see what policies the incoming Trump administration will implement before the central bank forecasts what it means for the economy.
“There’s nothing to model right now,” Powell said at his Nov. 7 press conference. “We don’t guess, we don’t speculate and we don’t assume.”