Powell Signals Possible Rate Cut Amid Tariff and Political Pressures
TL;DR Summary
Federal Reserve Chair Jerome Powell indicated that the Fed would have cut interest rates this year if not for President Trump's tariffs, highlighting a cautious approach amid political pressure and economic uncertainties, with most officials expecting rate cuts later in the year depending on inflation and labor market conditions.
- Powell says the Fed would have cut rates this year if it weren’t for tariffs CNN
- Powell confirms that the Fed would have cut by now were it not for tariffs CNBC
- Fed Chair Powell says he won't rule out interest rate cut this month ABC News - Breaking News, Latest News and Videos
- 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 Yahoo Finance
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