Federal Reserve Chair Jerome Powell acknowledged increased uncertainty in the US economic outlook, but said officials don’t need to rush to adjust policy.
Federal Reserve Chair Jerome Powell stated that the US economy is in a good place despite elevated uncertainty, and the Fed doesn't need to rush to adjust policy or consider rate moves. He cited uncertainties around Trump's economic plans, potential moderation in consumer spending, and unknowns about future inflation. New labor-market figures released earlier Friday showed showed the US economy added 151,000 jobs in February and the unemployment rate ticked higher to 4.1%.