India, April 4 -- The U.S. dollar advanced against its major counterparts in the New York session on Friday, as traders cheered Federal Reserve Chair Jerome Powell's comments and solid jobs data for March.
Citing a highly uncertain outlook due in part to President Donald Trump's new tariffs, Powell indicated the central bank will wait for greater clarity before considering any adjustments to interest rates.
Powell noted in remarks at the Society for Advancing Business Editing and Writing's annual conference that it will very difficult to assess the likely economic effects of the higher tariffs until there is greater certainty about the details.
However, Powell said it is becoming clear that the tariff increases will be significantly larg...