As a result, #JeromePowell said, the central bank is "well positioned to wait for greater clarity" before considering any reduction in interest rates.
#Trump called Powell's report a "complete mess," arguing "Oil prices are down, groceries (even eggs!) are down, & the USA is getting RICH ON TARIFFS."
While oil prices have fallen in response to fears of a global economic slowdown, #grocery prices actually rose last month….The price of #eggs jumped nearly 6% Feb to March….