Farcaster

Fed Chairman Jerome Powell said the Fed may wait to see how President Trump’s bold policies play out before moving forward with interest rate hikes. The White House is in the process of making major changes in key areas: trade, immigration, financial policy and regulation. Powell stressed that: “The overall impact of these new policy changes is an important factor for the economy and the formulation of monetary policy… We don’t need to breathe gold and are well-positioned to wait for more clarity.”