Federal Reserve Chairperson Jerome Powell said the Fed does not need to rush to adjust interest rates. The Fed does not need to rush to act and can wait for the situation to become clearer. Uncertainty about the impact of the Trump administration's policies remains high, with some recent inflation expectations surveys and market indicators rising due to tariffs. The path to 2% inflation is expected to continue to be bumpy, without overreacting to one or two economic data that beat expectations.