Powell signals no immediate policy shift amid market turmoil

Federal Reserve Chair Jerome Powell stated the Fed will wait for more clarity before adjusting monetary policy, despite market volatility following President Trump’s new tariff announcement. Speaking at the SABEW conference, Powell emphasized the Fed’s focus on inflation, noting the tariff-driven price rise is expected to be temporary. U.S. stocks extended their decline, while Bitcoin remained relatively stable near $83,000. Powell’s comments came shortly after Trump publicly urged the Fed to cut interest rates, CoinDesk reported.