India, March 7 -- Citing uncertainty about the effects of President Donald Trump's policy changes, Federal Reserve Chair Jerome Powell reiterated Friday that the central bank does not "need to be in a hurry" to adjusted interest rates.
Powell argued during remarks at the University of Chicago Booth School of Business 2025 U.S. Monetary Policy Forum that the Fed is "well positioned to wait for greater clarity" about the impact of Trump's policy changes.
"If the economy remains strong but inflation does not continue to move sustainably toward 2 percent, we can maintain policy restraint for longer," Powell said. "If the labor market were to weaken unexpectedly or inflation were to fall more quickly than anticipated, we can ease policy accord...