Fed Chair Powell: Tariff Uncertainty Delays Rate Cuts
Odaily Planet Daily – Federal Reserve Chairman Jerome Powell stated at a conference in Sintra, Portugal, that if it were not for President Trump’s tariff policies, the Fed would begin cutting interest rates in 2025 and would currently be adopting a more accommodative monetary policy. When asked whether the uncertainty caused by the current U.S. tariff regime has led the Fed to delay rate cuts, Powell responded affirmatively. He added that due to the impact of tariffs, almost all forecasts for U.S. inflation have risen significantly. Powell acknowledged that despite increasing pressure from the U.S. government, the Fed has entered a mode of maintaining interest rates. He also noted that given the current instability in the economic outlook, the Fed is still observing the situation to gather more information. (Jin10)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bank of Korea Expected to Postpone Next Rate Cut Until October
A whale transfers 1,595 BTC worth $168.55 million to an exchange
Cango Mined 450 Bitcoins in June, Total Holdings Reach 3,879.2
Trending news
MoreCrypto prices
More








