Federal Reserve Chair Jerome Powell highlighted significant uncertainty surrounding economic data clarity before the central bank’s next policy decision, emphasizing the critical importance of timing.
Powell explicitly stated that it remains difficult to predict whether forthcoming economic indicators will provide sufficient clarity on inflation and employment trends by the time of the upcoming Federal Open Market Committee meeting.
The Fed Chair stressed that getting the timing of any potential monetary policy adjustments right is paramount, acknowledging the delicate balance required amidst ongoing economic uncertainties.