Powell Admits, "Tariffs of #TRUMP Hinder Rate Cuts of the #Fed "
The president of the Federal Reserve, Jerome #Powell , revealed at a European Central Bank forum in Sintra, Portugal, that the Fed would have adopted a more flexible monetary policy, including interest rate cuts, were it not for the tariff plan pushed by President #DonaldTrump
Powell emphasized that the proposed tariffs on various trading partners have significantly raised inflation forecasts in the U.S., leading the central bank to maintain a cautious stance, pausing potential adjustments in rates.