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
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.