💨 Abstract

Federal Reserve Chair Jerome Powell stated that the Fed can remain patient and wait for more clarity on the impact of Trump administration's economic policies, including tariffs, before adjusting interest rates. The economy, though currently strong, is showing signs of weakness due to decreased consumer and business confidence. Some Fed officials support potential rate cuts to counteract the effects of tariffs, while others prioritize fighting inflation. The impact of the tariffs on growth and inflation is still uncertain.

Courtesy: wtop.com

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