Reported 2 days ago
Fed Chair Jerome Powell emphasized the importance of waiting for clarity on tariff policies, stating that the economy remains solid and the costs of inaction are low. With uncertainty in Washington and Wall Street, this cautious approach could delay anticipated rate cuts, despite analysts suggesting two cuts might occur by the end of 2025. Given the potential impact of tariffs on business costs and growth, Powell highlighted the Fed's challenge in balancing its goals while managing inflation expectations.
Source: YAHOO