Powell: In the face of uncertainty, the Federal Reserve will remain patient
2025-06-18 19:56:58
Fed chairperson Jerome Powell has said the central bank needs to learn more about the current situation before considering a change in monetary policy. He said the central bank needed more time to assess its impact on the economy given the continuing changes in trade, fiscal and regulatory policy. "Higher tariffs this year could push up prices and put pressure on economic activity," Mr. Powell said. If the Fed is caught in a so-called dilemma, in which the two goals of achieving full employment and price stability contradict each other, it will need to weigh the degree to which each goal deviates from its ideal level and the time required to achieve it.
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