US Federal Reserve Chairman Jerome Powell speaks during a news conference at the end of the two-day Federal Open Market Committee (FOMC) meeting at the Federal Reserve in Washington, DC, on January 29, 2025. The US Federal Reserve will wait to see how President Trump's policies affect the economy, Fed chair Jerome Powell said Wednesday, shortly after policymakers voted to pause rate cuts. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)Photo: ANDREW CABALLERO-REYNOLDS / AFP / Getty Images