By Michael S. Derby
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell mentioned Wednesday it is too quickly to say what President-elect Donald Trump’s proposed financial insurance policies will do to the economic system and the way that may bear on the central financial institution’s coverage decisions.
At this level, “it’s very untimely to make any sort of conclusions. We don’t know what will likely be tariffed, from what nations, for the way lengthy, in what dimension,” Powell mentioned in a press convention following the most recent Federal Open Market Committee assembly. “We must take our time, not rush” and see what the brand new president delivers, Powell mentioned, amid economists’ expectations that tariffs and deportations favored by Trump are prone to push inflation increased.
(Reporting by Michael S. Derby; Editing by Chizu Nomiyama)
