Trump 2nd term live updates: ‘Some disturbance’ possible from tariffs, Trump says
The U.S. economy is in a “good place” despite “elevated levels of uncertainty” from new policies, including tariffs, Federal Reserve Chair Jerome Powell said in a closely-watched speech on Friday.
Powell reiterated the Federal Reserve does “not need to be in a hurry” to cut interest rates, as it waits for clarity on “significant policy changes” from the Trump administration on trade, immigration, fiscal policy and regulation.
“As we parse the incoming information, we are focused on separating the signal from the noise as the outlook evolves. We do not need to be in a hurry, and are well positioned to wait for greater clarity,” Powell said.
-ABC News’ Elizabeth Schulze
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