Deep Tide TechFlow News, July 1, according to Jinshi Data reports, on July 1 local time, Federal Reserve Chairman Powell stated at a conference in Sintra, Portugal, that if it weren't for President Trump's tariff policy, the Federal Reserve would have started cutting interest rates in 2025, and would currently adopt a more accommodative monetary policy.

When asked whether the uncertainty caused by the current U.S. government tariff system led the Federal Reserve to postpone interest rate cuts, Powell gave an affirmative answer, adding that due to the impact of tariffs, almost all predictions for U.S. inflation rates are rising sharply.

Powell admitted that despite increasing pressure from the U.S. government, the Federal Reserve has still entered a mode of maintaining interest rates. Powell also stated that given the instability of the current economic outlook, the Federal Reserve is still observing the situation to gather more information.