Central Banks
Powell Says Fed Won’t Be Rushed, Outlook Depends on White House
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Federal Reserve Chair Jerome Powell made clear he won’t be rushed into lowering borrowing costs until there’s more certainty on the direction of trade policy, which will have to come from the White House.
Powell and his colleagues held interest rates steady on Wednesday and, in their first meeting since President Donald Trump’s sweeping tariff announcements last month, said the risks of seeing higher inflation and unemployment had risen.