Powell: Fed Has Time to Understand Trump Policy Impact on Economy

BlockBeats News, November 15th, Federal Reserve Chairman Powell stated that the Federal Reserve still has time before it needs to adjust its policy stance due to Trump's return to the White House.

Powell said, "I think it's premature to draw conclusions now. We don’t really know what kind of policy will be put in place. I think we have time to assess the net impact of policy changes on the economy before we make a policy response. Federal Reserve officials just need more policy clarity before they can start updating economic forecasts and policy expectations." (FXStreet)