Powell said the central bank has not "made any decisions" on adjusting interest rates in September.

On Wednesday, the Federal Reserve kept interest rates unchanged. In a subsequent press conference, Fed Chair Powell said that despite slowing economic growth, the Fed is prepared to take action when necessary. He emphasized that the central bank has not "made any decisions" regarding possible policy adjustments in September. "We believe that our current monetary policy stance allows us to respond promptly to potential economic developments," Powell said. He also specifically noted the need for the Fed to confirm that President Trump's tariffs policy will not become a significant driver of inflation.