Powell: Too early to judge impact of Trump policies
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Federal Reserve Chairman Powell stated that it is still too early to judge the impact of Trump's policies, and he has reserved judgment on the impact of the new policies. The important thing is to observe and see how the actual situation develops. As for fiscal policy, it takes a long time to pass a bill. Before responding to the policy, the Federal Reserve has time to evaluate the net effect of policy changes. Changes in government policy usually do not immediately affect the achievement of the Federal Reserve's objectives.
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