Reported 3 days ago
Federal Reserve Chair Jerome Powell indicated during a recent press conference that the Fed is contemplating the economic policies of President-elect Donald Trump, particularly concerning tariffs and their potential inflationary effects. While the Fed lowered its benchmark interest rate for the third consecutive time in 2024, Powell emphasized the uncertainties surrounding Trump's forthcoming policy changes, stating that more information will emerge after the inauguration, allowing for a more informed assessment of the economic landscape.
Source: YAHOO