The Federal Reserve has been focusing primarily on "quantitative" policy variables since the 2008-2009 period, when Fed Chairman Ben Bernanke moved the Federal Reserve into a new policy framework, one centered on "quantitative" variables.

Chair Jerome Powell says in written remarks that the Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread “uncertainty” stemming from President Donald Trump’s policies to resolve.

The labor market picked up 151,000 jobs in February, a solid pace, despite a massive layoff among federal workers that began to show up in the data. The unemployment rate ticked up to 4.1 percent, extending low levels that have marked the past few years. Federal government payrolls lost 10,000 jobs in February.

Federal Reserve Bank of San Francisco President Mary Daly said growing uncertainty among businesses could slow demand in the US economy but doesn’t require a change in interest rates.

The new White House administration is making major changes in trade, immigration, fiscal policies, and deregulation. "It's the net effect of these policies" that matters, Federal Reserve Chair Jerome Powell said on Friday at the University of Chicago Booth School of Business.

The first-of-its-kind reserve will be anchored by a stash of Bitcoin the government already owns, estimated to be worth billions of dollars.

Powell says the Fed is in no hurry to change course, citing "uncertainty" over the impact of the Trump administration economic policies

On March 7 2025, Donald Trump went against his previously held beliefs that cryptocurrency was “based on thin air” and confirmed the establishment of the Bitcoin Strategic Federal Reserve, an initiative that looks to promote the importance of decentralised digital currencies across the country and the world.

Employers added 151,000 jobs in February, the Labor Department said, based on surveys taken as Trump administration policies were still rolling out.

While some in the crypto community welcomed the announcement, others expressed disappointment as Bitcoin's price dropped more than 5% upon learning that the reserve would not