Federal Reserve chief Jay Powell plays down growth worries after jobs report disappoints

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Federal Reserve Chairman Jay Powell has reduced concerns about American growth after a turn by the Donald Trump administration, disappointing jobs and a week forced in financial markets.

Powell said on Friday that the world’s largest economy remained “in good condition” despite the high “uncertainty”, after the president launched an aggressive agenda of customs tariffs and spending discounts.

“We are focusing on the signal separation from the noise with the development of the future view,” Powell said, adding that the Federal Reserve was not in “a calf” to reduce interest rates and was “in a good position to wait for greater clarity.”

Powell’s comments came at a time when the S&P 500 ended from the Blue Chip S & P 500, as it decreased by 3.1 percent, its worst tour since early September. American stocks have declined sharply in recent weeks after dark economic reports have prompted concerns that Trump’s tariff will slow down.

Corporate executives have warned of chaotic commercial policy in commercial policy, including a great reflection this week on management plans to target goods from Canada and Mexico, which made it difficult to manage their business, and can worry new investments in the United States.

The United States, “at a crossroads, economically, said Charles Limmids, chief investment official in Valueworks, a New York headquartered fund, said” at a crossroads, economically. ” “We do not know where the policy is going and creates huge disorders.”

On Friday, the Labor Statistics Office issued data showing the United States, which established 151,000 jobs in February, as it decreased from 160,000 expectations by Reuters economists.

The unemployment rate was 4.1 percent last month, compared to expectations that will be kept by 4 percent.

“The feelings of investors were active after the elections, but there was a large group of cold water that was thrown on that euphoria during the past month,” said Jim Terney, head of the American Development Fund at Alliassebernstein.

He added: “Powell says that everything is fine, but this is not what the consumer feels and not the place where we have heard the feeling of work,” he added.

The President of the Federal Reserve recently indicated that the central bank will retain the main interest rate in its current range, which ranges between 4.25 percent and 4.5 percent, evaluating the effect of Trump’s policies.

But the markets are increasingly betting that the Federal Reserve will have to reduce prices more strongly this year than thought, which leads to a decrease in treasury revenues and educating them on the dollar.

The US dollar index, which tracks Greenback against six other currencies, lost 4.3 percent this year.

When Powell was asked on Friday: “What would lead to the response to the definitions imposed on American imports,” What really matters is what happens with long -term inflation expectations and the extent of stability in inflationary effects. “

Some economists have warned discounts in Trump spending and lowering the federal workforce through the so -called “Ministry of Governmental efficiency”, led by billionaire Elon Musk, could also be a traction on the economy.

Earlier in the week, Trump retreated some definitions imposed on Canada and Mexico in an attempt to calm the markets. On Friday, he acknowledged that some economic pain may come from its policies and its chaotic offering at times.

The president said, “There may be some disturbances, few disturbances,” he repeated a line of his speech to Congress on Tuesday night. “There will always be changes and modifications.”