Reported 2 days ago
Federal Reserve Chairman Jerome Powell indicated that the Fed will likely keep interest rates unchanged in the near future due to significant economic uncertainty stemming from President Trump's policies. He noted that while the economy remains largely healthy, challenges such as trade tariffs and a drop in consumer confidence may hinder growth. Economists are now predicting potential rate cuts to support borrowing costs, but Powell emphasized the importance of waiting for greater clarity in economic indicators before making such decisions.
Source: YAHOO