Fed's Patient Stance on Rate Adjustments

United States Federal Reserve Chair Jerome Powell emphasized a cautious approach to monetary policy changes during his speech at the Monetary Policy Forum in New York. "We don't think we need to be in a hurry. I think we can be patient," Powell stated, highlighting the Fed's current strategy to observe economic developments before making any significant adjustments.

Economic Outlook and Inflation Concerns

Powell described the U.S. economy as "solid" despite prevailing uncertainties. He noted a significant cooling of inflation from its 2022 peak but expressed concerns over the potential impact of tariffs on future economic stability. The Fed remains vigilant, ready to extend policy restraint if inflation does not sustainably approach the 2% target amidst strong economic performance.