New York | The US central bank will be in no rush to cut interest rates while it waits for more clarity on how the policies of the new Trump administration affect the economy, Federal Reserve chairman Jerome Powell said on Friday (Saturday AEDT).
“The new administration is in the process of implementing significant policy changes in four distinct areas: trade, immigration, fiscal policy, and regulation,” Powell said in remarks prepared for delivery at a University of Chicago Booth School of Business economic forum in New York City. “Uncertainty around the changes and their likely effects remains high.
