Institutional: Trump's policies complicate Fed's task
The huge shock of uncertainty caused by the Trump administration's erratic economic policy pronouncements is complicating the Federal Reserve's task, Paolo Zanghieri, an analyst at Generali Investments, said in a report. The economist said the health of the U.S. economy is such that the Fed won't be in a hurry to cut rates until policy uncertainty is at least partially resolved. He was referring to comments made by Fed Chairman Jerome Powell last week. He said, ‘We expect that to be the main message of the March meeting and that the (Federal Open Market Committee's) current stance - two more rate cuts this year and two more in 2026 - will not change. ’
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