Citing a highly uncertain outlook due in part to President Donald Trump's new tariffs, Federal Reserve Chair Jerome Powell on Friday indicated the central bank will wait for greater clarity before considering any adjustments to interest rates.
Powell noted in remarks at the Society for Advancing Business Editing and Writing's annual conference that it will very difficult to assess the likely economic effects of the higher tariffs until there is greater certainty about the details.
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Business News
April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.