Chair Jerome Powell says in written remarks that the Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread “uncertainty” stemming from Presi

The new White House administration is making major changes in trade, immigration, fiscal policies, and deregulation. "It's the net effect of these policies" that matters, Federal Reserve Chair Jerome Powell said on Friday at the University of Chicago Booth School of Business.

Noting that "uncertainty around the changes and their likely effects remains high" Powell said the Fed is "focused on separating the signal from the noise as the outlook evolves. We do not need to be in a hurry, and are well positioned to wait for greater clarity."