Powell: Trump's tariffs held up rate cuts

thehill.com/business/5378903-fed-chair-powell-tariffs-rate-cuts

Federal Reserve Chair Jerome Powell said Tuesday that the central bank would likely have already cut interest rates this year if not for the shock generated by President Trump's tariffs.
When asked Tuesday if Trump's tariffs held up the Fed's plan to cut interest rates, Powell agreed.
“I…

This story appeared on thehill.com, 2025-07-01 14:43:24.
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