Content:
Federal Reserve Chair Jerome Powell told a central banking forum in Portugal that tariffs implemented by former President Trump have pushed up U.S. inflation, delaying expected interest rate cuts. Powell emphasized that the Fed will “wait and learn more” about the longer-term effects of trade barriers before reducing rates reuters.com+11reuters.com+11nypost.com+11. He noted that despite pressure—including a handwritten request from Trump—the Fed is sticking to a data-driven stance, with most FOMC members anticipating possible cuts later in 2025 businessinsider.com.
Why it matters:
- Shows how trade policy influences central bank timing and global markets.
- Spotlights U.S. monetary strategy amid political pressure.
- Offers insight into throwback economic tools and investor expectations.
Tags:
fed powell tariffs, trump tariffs impact, rate cuts delay, monetary policy 2025, topnews11 economy, world financial news
