Fed chair Powell echoes worries in interest rate forecasts
The Fed's next rate decision is slated for March 19.
Federal Reserve Chairman Jerome Powell echoed the market's concern over "uncertainty" tied to tariff and economic policies but noted that solid labor markets and easing inflation pressures likely mean the central bank remains in "no hurry" to change its key policy rate.
Speaking to a forum on monetary policy in New York, hosted by the University of Chicago Booth School of Business, Powell said that while the economic outlook is now clouded by uncertainty, much of the impact has been seen in sentiment surveys, which he stressed have "not always been a good predictor of consumption growth."
