Fed’s Powell: Too soon to assess impact of Trump’s policies on economy

US Federal Reserve Chairman Jerome Powell stated on Wednesday that it remains too soon to determine how President-elect Donald Trump’s proposed economic policies might influence the US economy or affect the central bank’s monetary decisions.
Speaking at a press conference after the Federal Open Market Committee’s latest meeting, Powell emphasised the uncertainty surrounding the specifics of Trump’s policies.
“… it’s very premature to make any kind of conclusions. We don’t know what will be tariffed, from what countries, for how long, in what size,” Powell noted.
“We need to take our time, not rush” and see what the new president delivers, he added.
As the Federal Reserve monitors the evolving economic landscape, Powell’s comments signal the central bank’s cautious stance in navigating potential policy shifts under the incoming administration.