Chair Powell "Reviewing Details of Trump's Executive Order"

Source
JH Kim

Summary

  • Jerome Powell, the Chair of the Federal Reserve, stated that they are reviewing the details of Trump's executive order.
  • He mentioned that the exact details on immigration, currency, and tariff policies have not yet been released.
  • The Federal Reserve is striving to adjust policies in accordance with the executive order.

Jerome Powell, the Chair of the Federal Reserve, stated at a press conference following the FOMC on the 29th (local time) that "we are reviewing the details of the executive order," and "it is difficult to make related remarks as the exact details on immigration, currency, and tariff policies have not yet been released."

He added, "However, we are striving to adjust policies in accordance with the executive order," and "the current administration is not significantly different from previous administrations."

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JH Kim

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