On the recordMay 6, 2025
It’s not a situation where we can be pre-emptive, because we actually don’t know what the right response to the data will be until we see more data.
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nbcnews.comEditor's note · Context
Powell discusses uncertainty in responding to economic data.
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More from Jerome Powell
Oct 14, 2025
without the ability to pay interest on reserves, the Fed would lose control over rates
Jul 1, 2025
So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.
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