Federal Reserve Chairman Jerome Powell indicated a cautious approach to future interest rate adjustments, emphasizing the need for clarity in government policies before considering rate cuts. He highlighted tariffs as a key factor influencing inflation, stating that the "size and timing of tariffs" are crucial considerations. Powell expressed confidence in the underlying inflation data but stressed the importance of waiting for a clearer direction in government policy. He cautioned against "hastily changing policies," suggesting a patient stance is warranted given the current economic landscape. He believes it's premature for the Fed to rush into any interest rate adjustments, emphasizing that "this is a time that requires patience." The Fed will continue to monitor economic indicators and policy developments before making any definitive decisions. ```
