The US Federal Reserve will not rush to cut interest rates as it awaits further clarity on the economic impact of policy changes under the new Trump administration, Fed Chair Jerome Powell said on Friday, according to Reuters. “The new administration is in the process of implementing significant policy changes in four distinct areas: trade, immigration, fiscal policy, and regulation.” “Uncertainty around the changes and their likely effects remains high,” he added. He stressed that the central bank would take its time assessing the situation. “We are focused on separating the signal from the noise as the outlook evolves. We do not need to be in a hurry and are well-positioned to wait for greater clarity,” he said, according to Reuters. Story continues below this ad Uncertainty Over trade, immigration, and fiscal policy His remarks come at a time of market volatility, with stocks and bond yields declining following President Donald Trump’s announcements of steep import tariffs on Mexico and Canada, followed by subsequent delays. Trump has also doubled tariffs on imports from China, adding …