Reuters
For now, he said, the Fed is in "wait and see" mode amid uncertainty over the economic effects of Trump administration policies, he told CNBC. With unemployment at 4% and a cooling rental market poised to help bring overall inflation closer to the Fed's 2% goal, he said, "we're in a very good place to just sit here until we get a lot more information on the tariff front, on the immigration front, on the tax front, etc." Meanwhile, he said, the next two months of inflation data will be paramount in shaping Fed policy, he said.