Powell: too early to make judgement on impact of Trump policies

Federal Reserve Chairman Jerome Powell said it is too early to make judgements on the impact of Trump's policies, reserving judgement on the impact of the new policies, and that it is important to wait and see how the situation actually unfolds. In terms of fiscal policy, it takes a long time to pass a bill. The Fed has time to assess the net effect of a policy change before reacting to it. Changes in government policy usually do not have an immediate impact on the achievement of the Fed's objectives.