Powell: Wait for more clarity before considering adjusting policy stance

On April 4, Federal Reserve Chairperson Jerome Powell spoke on the economic outlook. He said that we face a highly uncertain outlook. Until there is greater certainty about the details, it will be very difficult to assess the possible economic impact of tariffs. While uncertainty remains high, it is now clear that tariff increases will be significantly larger than expected. The same is likely to be true of the economic effects, which include higher inflation and slower growth. The extent and duration of these effects remain uncertain. We will continue to closely monitor upcoming data, the changing outlook and the balance of risks. < b > We are prepared to wait for clearer news before considering adjusting our policy stance. It is too early to say what the appropriate path for monetary policy will be.