Powell reiterates Fed plan to wait for more data on tariffs before cutting interest rates

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Powell reiterates Fed plan to wait for more data on tariffs before cutting interest rates

theglobeandmail.com/business/article-powell-fed-tariffs-interest-rates

U.S. Federal Reserve Chair Jerome Powell reiterated the U.S. central bank plans to “wait and learn more” about the impact of tariffs on inflation before lowering interest rates, again setting aside President Donald Trump’s demands for immediate and deep rate cuts.
“We’re simply taking…

This story appeared on theglobeandmail.com, 2025-07-01 14:41:47.