Powell was also asked about the high cost of home ownership and President Trump's trade policies, but as usual, the Fed chair tried to steer clear of politics.

Federal Reserve Chair Jerome Powell emphasized that the bank will be patient in adjusting interest rates on Tuesday as inflation remains stubbornly high and economic growth continues apace. The centra

The Federal Reserve doesn't need to hurry to adjust its rate further now that its policy stance is significantly less restrictive than it was a few months ago, Fed Chair Jerome Powell said.