We do not need to hurry and are well positioned to wait for greater clarity, says Jerome Powell in a speech in New York on Friday, reports Bloomberg.
All market players, even abroad, prick up their ears when Powell speaks. The Fed has the decision-making power over the interest rate level in the world's largest economy – which in turn, among many other things, governs companies' financial costs and their risk appetite.
Most recently, at the end of January, the Fed decided to leave the interest rate unchanged in the range of 4.25-4.50 percent since there is still a way to go to reach the inflation target of 2 percent.
In recent times, uncertainty has increased on the markets due to mixed labor market and inflation figures, as well as President Donald Trump's policy.
Powell points out that consumption appears to be leveling off, and that both households and companies in surveys respond that they experience greater economic uncertainty
It remains to be seen how this development can affect future expenditures and investments, says Powell.
