Federal Reserve chair Jay Powell played down concerns over US growth after U-turns by Donald Trump’s administration, disappointing jobs numbers and a tumultuous week in financial markets.
Powell on Friday said the world’s largest economy remained “in good shape” despite the elevated “uncertainty”, after the president launched an aggressive agenda of tariffs and spending cuts.
“We are focused on separating the signal from the noise as the outlook evolves,” Powell said, adding the Fed was in no “hurry” to cut interest rates and was “well positioned to wait for greater clarity”.
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