WATCH: Powell says Fed 'well positioned' for 'risks and uncertainties' that lie ahead for economy

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Wed, February 12, 2025

[ Wed, Feb 12th ] - Forbes

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Japan says it has asked the US to exclude it from 25% steel and aluminum tariffs

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US climate U-turn offers China both challenges and opportunities

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[ Wed, Feb 12th ] - PBS

WATCH: Powell says Fed 'well positioned' for 'risks and uncertainties' that lie ahead for economy

^{Published on 2025-02-12 03:20:46 - PBS}

After cutting its key rate a full percentage point in the final three months of last year, with "the economy remaining strong, we do not need to be in a hurry to adjust our policy stance," Powell said in written remarks to the Senate Banking Committee.

The article discusses Federal Reserve Chairman Jerome Powell's testimony before the Senate Banking Committee, where he addressed the central bank's approach to monetary policy amidst economic uncertainties. Powell emphasized the Fed's commitment to data-driven decisions, particularly in light of recent global economic slowdowns and trade tensions, notably the U.S.-China trade war. Concurrently, the European Union (EU) has promised a response to the Trump administration's decision to impose tariffs on steel and aluminum, which has escalated trade disputes. The EU's reaction is part of a broader international response to U.S. trade policies, with potential implications for global economic stability. Powell's testimony and the EU's stance highlight the interconnected nature of global economic policy and the delicate balance central banks must maintain in fostering growth while managing inflation and responding to international trade dynamics.

Read the Full PBS Article at:
[ https://www.pbs.org/newshour/politics/watch-live-powell-testifies-before-senate-committee-as-eu-promises-response-to-trump-tariffs ]

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