Statements by Jerome Powell yesterday, Friday.

📌 Federal Reserve Chairman Jerome Powell says the Fed can wait to see how President Donald Trump's robust policy actions develop before moving again on interest rates.

📌 With markets on edge regarding Trump's proposals on tariffs and other issues, Powell reiterates the statements he and his colleagues recently made advising patience with monetary policy amid a high level of uncertainty.

📌 In a speech delivered at the U.S. Monetary Policy Forum on Friday, March 7, Powell said:

▪️ The U.S. administration is working on implementing significant changes in four areas: (trade, immigration, fiscal policy, and regulation).

▪️ The net effect of these changes will determine the trajectory of the economy and monetary policy.

▪️ Uncertainty regarding these changes and the potential outcomes remains high.

▪️ The Federal Reserve is focused on distinguishing between real signals and noise as expectations evolve.

▪️ We do not need to rush, and we are in a position that allows us to wait until the picture becomes clearer.