Federal Reserve Chair Jerome Powell made it clear that he is not jumping to adjust interest rates while his archenemy, President Donald Trump, pushes through aggressive economic policies. Speaking Friday at the US Monetary Policy Forum in New York,

With markets nervous over Trump's proposals for tariffs and other issues, Powell reiterated statements he and his colleagues have made recently counseling patience on monetary pol

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 Chair Jerome Powell said on Friday.

Federal Reserve Chairman Jerome Powell echoed the market's concern over "uncertainty" tied to tariff and economic policies but noted that solid labor markets and easing inflation pressures likely mean the central bank remains in "no hurry" to change its key policy rate.

Powell noted that when Trump applied tariffs during his last administration, the Fed ended up lowering its key rate because the GDP slowed so much. Trump expects the same this time around. However, Powell is not in a hurry.

The Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread “uncertainty” stemming from President Donald Trump’s policies to resolve, Chair Jerome Powell said Friday at a conference in New York.