▶️ Federal Reserve Chairman Jerome Powell reiterated to a House committee that the central bank should keep interest rates stable, citing inflation risks caused by U.S. tariffs.
"We are in a good position at this point to wait and learn more about how the economy is likely to evolve before considering any adjustments to our policy stance," Powell said in his testimony.
😠 The independent expert noted that Powell is "not bowing to pressure from Trump" and needs more data to assess whether tariffs will have a greater negative impact on growth and the labor market or on inflation.
📉 This means that the next rate cut could take place in October or November , again depending on economic indicators.
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