With markets nervous over Trump's proposals for tariffs and other issues, Powell reiterated statements he and his colleagues have made recently counseling patience on monetary pol

Key Takeaways Federal Reserve Chair Jerome Powell said the central bank is waiting to see how President Donald Trump's barrage of policy changes will affect the economy before making any major moves.Trump's rapidly changing tariffs on foreign countries have stoked uncertainty,

Federal Reserve Chairman Jerome Powell echoed the market's concern over "uncertainty" tied to tariff and economic policies but noted that solid labor markets and easing inflation pressures likely mean the central bank remains in "no hurry" to change its key policy rate.