Jerome Powell says Fed would have lowered rates already if it weren’t for tariffs

fortune.com/2025/07/01/jerome-powell-fed-interest-rates-tariffs

Were it not for tariffs, the Federal Reserve would have already cut interest rates in 2025, chair Jerome Powell said on Tuesday at a conference of central bankers.
During an onstage interview at the European Central Bank Forum alongside the central bankers from England, Korea, Japan, and…

This story appeared on fortune.com, 2025-07-01 14:21:39.
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