Central Banks
Fed’s Powell Says Still No Need to Hurry to Consider Rate Moves
- Fed chair nods uncertainty due in part to trade policy
- Powell says inflation progress will continue to be ‘bumpy’
Jerome Powell speaks during the University Of Chicago Booth School Of Business Monetary Policy Forum in New York, on March 7.
Photographer: Yuki Iwamura/BloombergFederal Reserve Chair Jerome Powell acknowledged increased uncertainty in the US economic outlook, but said officials don’t need to rush to adjust policy.
“Despite elevated levels of uncertainty, the US economy continues to be in a good place,” Powell said at an event Friday in New York hosted by the University of Chicago Booth School of Business. “We do not need to be in a hurry, and are well positioned to wait for greater clarity.”