Chair Powell: "Will Wait for Rate Cut Until Government Policy is Clear"

JH Kim

Summary

Jerome Powell, Chair of the Fed, stated that he will wait for a rate cut until government policy becomes clear.
Chair Powell emphasized the scale and timing of tariffs and data as key to inflation.
The Fed stated that it is not in a hurry to adjust rates and that patience is needed at this time.

According to CNBC on the 7th (local time), Jerome Powell, the Chair of the U.S. Federal Reserve (Fed), stated that "The key to inflation is the scale and timing of tariffs and data," and "Overall core inflation is good. It seems prudent to wait until the direction of government policy becomes clear before hastily changing policies or directions."

He continued, "We cannot know what situation will unfold. I don't think the Fed needs to rush to adjust rates," adding that "patience is needed at this time."