Fed Chair Powell stresses patience on rate cuts, policy uncertainty: 'We do not need to be in a hurry'

Published On Mar 7, 2025, 1:31 PM

Federal Reserve Chair Jerome Powell has stated that the Federal Reserve is not rushing to cut interest rates, emphasizing the need for caution due to policy uncertainty affecting the economy. He noted that recent job reports show a solid labor market, which gives the Fed flexibility to wait for clearer economic signals before making any rate adjustments. Powell acknowledged the impact of the current administration's policies, including tariffs, on inflation and overall economic growth, pointing out that recent data suggests a challenging environment influenced by multiple factors affecting monetary policy decisions.