On the recordJuly 1, 2025
As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.
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nbcnews.comAs long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.
Powell emphasizes the need for caution in monetary policy amid economic uncertainty.
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The threat of worsening inflation, plus the uncertainty Trump has generated through his trade war and immigration policies, are causing the Fed to adopt a wait-and-see approach.
America’s economy has been resilient. Part of that is our stance. We think we’re in a good place on that, to respond to significant economic developments.
Part of that is due to the start-stop nature of the tariffs that have been introduced.