Posted on 03/07/2025 12:38:24 PM PST by ChicagoConservative27
Federal Reserve Chair Jerome Powell said Friday that the central bank is working to separate “the signal from the noise” in order to formulate its monetary policy amid a flurry of new initiatives and policy announcements from the Trump administration during its first weeks in office.
“The new administration is in the process of implementing significant policy changes,” Powell said. “We are focused on separating the signal from the noise as the outlook evolves. We do not need to be in a hurry.”
Powell added, “Uncertainty around the changes and their likely effects remains high.”
The Trump administration has issued a number of stop-and-start orders on tariffs, increased border enforcement, and made significant cuts to several regulatory agencies — all of which will have economic effects the Fed must consider.
(Excerpt) Read more at thehill.com ...
Sounds like something Francis of Vatican would say.
Powell is the problem.
Powell added, “Uncertainty around the changes and their likely effects remains high.”
That sounds like an adult faced with a novel situation, who is knowledgeable enough in economics to see that unpredictable things might happen.
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