‘Our policy is well-positioned. The costs of waiting to see are fairly low’ – Fed Chair Powell

(Kitco News) – After the Federal Reserve once again decided to keep interest rates unchanged, FOMC Chair Jerome Powell struck a measured tone in his post-meeting press conference on Wednesday afternoon, emphasizing again and again that the central bank would stick to its wait-and-see approach.Asked if the FOMC was any closer to deciding which side of the mandate might need “urgent care” first, Powell suggested that the data would tell them.