Powell: Waiting for Clearer Message Before Considering Policy Adjustment

BlockBeats News, April 4th, Federal Reserve Chairman Powell stated in his keynote speech on the economic outlook: We face a highly uncertain outlook. It will be very difficult to assess the economic impact of tariffs until we have greater certainty on the details. While uncertainty remains high, it is now clear that the magnitude of tariff increases will be significantly higher than expected. The economic impact could also be such, including higher inflation and slower growth. The extent and duration of these impacts remain uncertain. We will continue to closely monitor upcoming data releases, evolving outlook, and risk balance. We are prepared to wait for more definitive information before considering adjustments to our policy stance. It is still too early to say what the appropriate path for monetary policy is at this time. (FXStreet)