Wall Street will closely watch Powell this week for clues on when and why the Fed will cut interest rates. As Federal Reserve officials hint at keeping interest rates unchanged, investors and economists will focus on Chairman Jerome Powell this week for clues to understand the factors and timing that could ultimately prompt the central bank to take action. The Fed has held steady in its last four policy meetings, which could provoke President Donald Trump to weigh in again. However, policymakers have made it clear that significant issues surrounding tariffs, immigration, and taxes must be resolved by the White House before they take action. The Israeli attack on Iranian nuclear facilities has also introduced another element of uncertainty into the global economy. Meanwhile, the overall performance of the U.S. economy is healthy, though it may be cooling slowly, and almost no one expects the Fed to adjust interest rates in the near term. According to futures pricing, investors are betting that the Fed will not lower borrowing costs until September. 'Given that there is currently no urgency for a rate cut, the safest course of action is to wait and see,' said Seema Shah, Chief Global Strategist at Principal Asset Management.