Powell said he believes the Federal Reserve is “in a good position” to observe how all the uncertainties surrounding the Trump administration's tariffs will unfold. “I think we still have a lot of unknowns, and we're in a good position to wait and see, which is key. We don't need to rush things. The economy has remained resilient and is currently performing quite well. Our policies are well-positioned. “The cost of further wait-and-see is pretty low,” Powell said. “I can't tell you how long it will take, but for now, it seems like we've made a pretty clear decision to wait and see.”

Powell said he believes the Federal Reserve is “in a good position” to observe how all the uncertainties surrounding the Trump administration's tariffs will unfold. “I think we still have a lot of unknowns, and we're in a good position to wait and see, which is key. We don't need to rush things. The economy has remained resilient and is currently performing quite well. Our policies are well-positioned. “The cost of further wait-and-see is pretty low,” Powell said. “I can't tell you how long it will take, but for now, it seems like we've made a pretty clear decision to wait and see.”