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Powell: Trump’s Tariffs Held up Rate Cuts
- On Tuesday, Fed Chair Jerome Powell signaled potential rate cuts later this year, blaming tariffs for the policy freeze and declining to set a specific timeline.
- Prolonged rate hold resulted from tariffs significantly increasing U.S. inflation forecasts, prompting the Fed to delay rate cuts, as Powell explained they held off because of tariff impacts.
- The federal funds rate remains at about 4.3%, with most Fed members expecting cuts this year, as Powell cited tariffs' inflation impact for the policy pause.
- Investors now expect the Fed to proceed meeting by meeting, with Powell stating he ‘wouldn’t take any meeting off the table’ ahead of the July 29-30 gathering.
- Against a backdrop of unprecedented political pressure from President Trump, Powell and most Fed members remain committed to a data-driven stance, emphasizing independence.
143 Articles
143 Articles
Jerome Powell said Trump's tariffs have prevented the Federal Reserve from lowering interest rates this year for fear of higher inflation
Listen to This CNBC Anchor Fight to Hold Back Shock as She Reads Out Trump's Tariff Revenue
For those seeking honest coverage of President Donald Trump, the NBC family of news networks generally constitutes a barren wilderness. On occasion, however, the business news channel CNBC provides an […] The post Listen to This CNBC Anchor Fight to Hold Back Shock as She Reads Out Trump's Tariff Revenue appeared first on The Western Journal.
US Shale Reduces Drilling as Executives Target Trump in Survey
US shale executives expect to drill significantly fewer wells this year than planned at the start of 2025, as lower oil prices and uncertainty around President Donald Trump’s tariffs hurt profits, according to a Federal Reserve Bank of Dallas survey.
Analysis shows Trump's tariffs would cost US employers $82.3 billion
An analysis finds that a critical group of U.S. employers would face a direct cost of $82.3 billion from President Donald Trump’s current tariff plans, a sum that could be potentially managed through price hikes, layoffs, hiring freezes or lower profit margins.The analysis by the JPMorganChase Institute is among the first to measure the direct costs created by the import taxes on businesses with $10 million to $1 billion in annual revenue, a cat…
Crazy Town: Episode 107. Will Trump's Tariffs Fuel or Foil the Degrowth Movement?
As Trump’s tariffs kick in, the Republican party is suddenly spouting anti-consumerist rhetoric that would make the Lorax smile. Should we cheer on this accidental experiment in economic shrinkage, or will this ham-fisted set of trade policies cause a backlash against the proponents of degrowth?
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Bias Distribution
- 64% of the sources are Center
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