Powell: The Fed is not in a hurry to cut interest rates, the outlook depends on the White House.

Zhitan Financial APP learned that Federal Reserve Chairman Powell explicitly stated that he would not rush to lower borrowing costs until the direction of trade policy is more certain, and the direction of trade policy must be determined by the White House. Powell and his colleagues maintained interest rates on Wednesday and stated at the first meeting since President Trump announced comprehensive tariffs last month that the risks of inflation and rising unemployment have increased.