Fed Waiting for ‘Greater Clarity’ on Trump Actions Before Making Rates Decisions: Powell

‘We are focused on separating the signal from the noise as the outlook evolves,’ said Fed Chair Jerome Powell.

Federal Reserve Chairman Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on Capitol Hill in Washington on Feb. 11, 2025. Madalina Vasiliu/The Epoch Times

Federal Reserve Chair Jerome Powell did little to soothe market jitters over President Donald Trump’s trade policy changes, vowing a wait-and-see approach.

Powell said on March 7 that the U.S. central bank could afford to be patient and wait to determine the effects of the new administration’s actions before cutting interest rates.