The Federal Reserve, led by Chair Jerome H. Powell, has downplayed expectations of an immediate rescue from investors in the midst of a market downturn triggered by President Trump’s tariffs. The tariffs, Powell stated, are “larger than expected” and it is crucial for the central bank to understand their economic effects before taking action. With concerns over monetary policy, no clear path forward has been established, indicating that investors may have to wait longer for support from the Fed.
Source: https://www.nytimes.com/2025/04/05/business/tariffs-stock-market-fed-inflation.html