Federal Reserve Chair Holds Firm Ground on Rate Cuts
Federal Reserve Chair Jerome Powell isn't ready to make any serious moves to further cut interest rates until the U.S. economic picture comes into clearer focus amid tumultuous tariff policy and tax rate uncertainty, said Skylar Weinand, chief investment officer at Regan Capital. Powell's 'wait-and-see' approach is a response to the growing uncertainty in the global economy, where investors are seeking safe-haven assets due to trade tensions and policy changes. The Federal Reserve's monetary policy decisions will have significant implications for the U.S. economy and its competitors globally.
- The cautious stance of the Federal Reserve could lead to a ripple effect in the global financial markets, as investors and businesses reassess their risk tolerance and investment strategies.
- How will the Fed's rate-cutting policies impact the already volatile cryptocurrency market, where volatility is often linked to economic uncertainty?