Reported about 19 hours ago
U.S. Federal Reserve Chair Jerome Powell has indicated that the central bank will not implement an emergency 'Fed put' to stabilize stock markets due to ongoing economic uncertainty, particularly surrounding President Donald Trump's tariff policies. While acknowledging strong job growth, Powell emphasized the need for caution and pointed out conflicting economic signals, suggesting that the Fed will wait and see how developments unfold rather than rush into rate cuts.
Source: YAHOO