The world’s leading central bankers gather today for a panel discussion in Sintra, Portugal. ECB President Christine Lagarde hosts. Fed Chair Jerome Powell, Bank of England Governor Andrew Bailey, Bank of Japan Governor Kazuo Ueda and Bank of Korea Governor Rhee Chang-yong also take part.

The Federal Reserve would likely have lowered interest rates this year if it weren’t for President Donald Trump’s significant policy changes, Chair Jerome Powell said Tuesday.

After the widespread uncertainty caused by the tariff policy, Powell said the Fed decided the "prudent thing to do is to wait."