U.S. president has backed away from comments suggesting the Fed chair could be fired
Unemployment and inflation remain low, but uncertainty around trade levies remains
Fed likely to stand pat amid "material disruption" to the economy
Bankers in "wait-and-see" mode amid intense policy uncertainty
Powell said the Fed is 'well positioned to wait for greater clarity' from Trump administration
On Tuesday, the central bank chair said the Fed is 'well positioned' to deal with risks, uncertainties