Powell: Not in a hurry to adjust interest rate - Breaking The News

Powell: Not in a hurry to adjust interest rate

7 March

1 min read

EPA-EFE/GRAEME JENNINGS

United States Federal Reserve Chair Jerome Powell stated on Friday that there will be no rush in adjusting current monetary policy.

"We do not need to be in a hurry, and are well positioned to wait for greater clarity," Powell underscored at a Monetary Policy Forum in New York, noting that policy restraint can be extended if the economy stays strong while inflation fails to move sustainably toward 2%. The Fed chair also remarked that uncertainty surrounding US President Donald Trump's economic policy and its effects remains high.

Powell further disclosed that the Fed closely monitors inflation expectations, noting that some short-term measures have risen, partly due to tariffs. However, he emphasized that longer-term expectations remain stable and aligned with the target.

inflation fed powell

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