#PowellRemarks

Jerome Powell, Chairman of the Federal Reserve System of the United States, stated on Wednesday that the Fed will wait for additional data on the direction of the economy before changing interest rates, but warned that President Donald Trump's tariff policy risks pushing inflation and employment further away from the central bank's targets.

Powell, speaking for the first time since Trump suspended some of the stricter tariffs last week, also characterized the recent market volatility as a logical processing of dramatic changes in the administration's trade policy - rather than a sign of stress that warranted a Fed response.