Tariffs Likely to ‘Weigh on Economic Activity’ Fed Chair Says

pymnts.com/economy/2025/tariffs-likely-to-weigh-on-economic-activity-fed-chair-says

The Federal Reserve wants more time to study the impact of tariffs before cutting rates.

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That’s according to Jerome Powell, the central bank’s chair, testifying Tuesday (June 24) that the Fed needs to see if tariffs push inflation higher before deciding on the…

This story appeared on pymnts.com, 2025-06-24 20:56:39.
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