Fed Chairman Powell: Tariff uncertainty leads to delayed rate cuts

Odaily Planet Daily News: Federal Reserve Chairman Powell said at a meeting in Sintra, Portugal that if it were not for US President Trump's tariff policy, the Fed would have started cutting interest rates in 2025 and would have adopted a more relaxed monetary policy at present. When asked whether the uncertainty caused by the current tariff system of the US government has caused the Fed to postpone the rate cut, Powell gave an affirmative answer, adding that due to the impact of tariffs, almost all forecasts for US inflation rates have risen sharply. Powell admitted that despite the increasing pressure from the US government, the Fed has entered a mode of maintaining interest rates. Powell also said that given the instability of the current economic outlook, the Fed is currently waiting to see the situation to learn more. (Jinshi)