Jerome Powell sidesteps economy, monetary policy in Stanford speech as Trump nears Fed nomination

Jerome Powell, speaking at Hoover Institution at Stanford University, said he “will not address current economic conditions or monetary policy,” sidestepping commentary just ahead of a pivotal Fed leadership transition. Markets and observers had expected hints on rate cuts or future policy direction from the speech — but Powell’s silence leaves uncertainty as Donald Trump nears naming a successor to lead Federal Reserve.

Credit to : The Economic Times