Powell Maintains Hold on Rate Cuts Amid Trump’s Tariff Pressure
TL;DR Summary
Federal Reserve Chair Jerome Powell acknowledged that the Fed would have cut interest rates by now if not for President Trump's tariffs, which have caused inflation forecasts to rise and led the Fed to hold steady on rates despite expectations of future cuts. Powell emphasized that rate decisions depend on economic data and that the Fed remains in a wait-and-see mode amid ongoing trade tensions and political pressures.
- Powell confirms that the Fed would have cut by now were it not for tariffs CNBC
- Trump intensifies attacks on Fed’s Powell The Washington Post
- Powell Stands by 'Wait and See' Stance With Trump Ramping up Attacks on the Federal Reserve U.S. News & World Report
- Powell says Fed rate cut is on hold even as Trump demands cuts AP News
- Fed chair sends strong message on tariffs to Senate panel TheStreet
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