Federal Reserve Tackles Uncertainty Amid Trump Administration Policies
Fed Chair Jerome Powell confirms interest rates will remain unchanged as uncertainty surrounding Trump’s policies mounts, affecting consumer confidence and economic forecasts.
The cost of food, shelter and other items remains a top economic issue around the U.S., with the soaring cost of eggs becoming a national talking point.
Federal Reserve Chair Jerome Powell says interest rates on hold amid rise in economic uncertainty
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The stock market’s going through a mild correction, but actually corporate profits, the mother’s milk of stocks, are still pretty good — so it’s hard to expect some kind of stock market calamity.
America Needs Three Cheers for the Economy
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The various legislative and executive actions promise to interact with each other economically in ways that are not yet known, further adding to the Fed’s uncertainty.
Powell focused on separating ‘signal from the noise’ amid policy uncertainties
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The path to sustainably returning inflation to our target has been bumpy, and we expect that to continue.
Fed chair Jerome Powell says he’s in no hurry to cut rates amid Trump policy shifts
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The US economy faces a potential slowdown in consumer spending amid “heightened uncertainty about the economic outlook” among businesses, the Federal Reserve chair, Jerome Powell, said on Friday.
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The comments seem at least somewhat at odds with growing market expectations for interest rate cuts this year.
Powell says Fed is awaiting 'greater clarity' on Trump policies before making next move on rates
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America’s souring economic mood comes at a time when the US economy has shown early signs of slowing, but also of stubbornly elevated inflation — a toxic combination sometimes referred to as stagflation.
Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos | Business
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The job market appears to be holding steady amid rising economic concerns and slumping consumer confidence.
Watch live: Fed chair Powell gives remarks on state of economy
NewsNation·2d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.President Donald Trump’s on-again, off-again tariff policy and rapid-fire layoffs of government workers has created a spike in uncertainty among businesses and caused a sharp drop in consumer confidence.
Powell: Federal Reserve to stay on hold amid widespread economic uncertainty
Associated Press·2d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.President Donald Trump's on-again, off-again tariff policy and rapid-fire layoffs of government workers has created a spike in uncertainty among businesses and caused a sharp drop in consumer confidence.
Powell: Fed to Stay on Hold Amid Economic Uncertainty
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Summary
Jerome Powell, Chair of the Federal Reserve, announced that interest rates will remain unchanged due to significant uncertainty caused by the Trump administration's policy changes, including tariffs and tax cuts. Powell emphasized the need to distinguish between impactful signals and noise in the evolving economic landscape. Despite concerns regarding rising consumer prices and decreased consumer spending, he noted the economy remains healthy. The Fed is closely monitoring the effects of recent policy announcements, such as increased tariffs on imports, while considering long-term inflation expectations. The Fed's commitment to maintain rates reflects its cautious approach to evolving economic indicators.
Perspectives
The Federal Reserve is likely to keep interest rates unchanged due to uncertainty surrounding President Trump's trade policies and their economic impacts.
Despite elevated uncertainty, the economy appears mostly healthy, with job gains and a low unemployment rate noted by Fed Chair Jerome Powell.
There is a notable spike in business uncertainty and consumer confidence has dropped significantly, indicating potential challenges ahead for economic growth.