
In response to Trump’s “excellent opportunity” remark, Powell stated: Now is a good time to reverse loose monetary policy
Powell: At some point, the uncertainty caused by (President Trump’s) new policies will decrease.
The uncertainty should become significantly lower in the coming year.
The short-term impact of (Trump’s) policies is highly uncertain.
Now is a "good opportunity" to take a step back (after a series of interest rate cuts) and wait for clearer signals