Fed Chair Powell: Size of Trump tariffs forced bank to pause rate cuts

Fed Chair Powell: Size of Trump tariffs forced bank to pause rate cuts

July 1, 2025 / Swedan Margen /

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Fed Chair Powell: Size of Trump tariffs forced bank to pause rate cuts
Fed Chair Jerome Powell said Tuesday the magnitude of President Trump’s April 2 “Liberation Day” tariffs forced the central bank to take its time instead of bowing to the White House and cutting interest rates sooner.

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Swedan Margen

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