Reported 1 day ago
Federal Reserve Chair Jerome Powell told Congress that the Fed is prepared to delay any interest rate cuts until it gains more clarity on the effects of President Trump's tariffs on inflation and the economy. Despite increasing pressure from Trump and some Fed officials for immediate cuts, Powell emphasized a cautious approach, stating that inflation impacts could vary and remain uncertain. As ongoing tensions with the White House grow, Powell remains focused on ensuring a stable economy, regardless of external criticism.
Source: YAHOO