We do not need to be in a hurry’: Powell urges patience in speech In a speech delivered today at the U.S. Monetary Policy Forum in New York City, Federal Reserve Chair Jerome Powell emphasized the central bank’s cautious approach amid prevailing economic uncertainties. Powell reiterated the Federal Reserve’s readiness to maintain current interest rates, adopting a “wait and see” stance as it monitors the impacts of recent policy changes and economic indicators.
“We do not need to be in a hurry, and are well positioned to wait for greater clarity,” he said.
