Powell: Cannot Assert Whether a July Rate Cut Would Be Premature, No Meeting Ruled Out
Odaily Planet Daily – At the European Economic Forum in Sintra, Portugal, when asked whether the Federal Reserve would further ease monetary policy if tariffs did not trigger inflation, Fed Chair Jerome Powell stated: “After assessing the scale of the tariffs, we decided to pause.” He expects that due to the impact of tariffs, inflation will rise slightly this summer. Therefore, with the economy still robust, the Fed has chosen to remain patient, considering waiting to be the most prudent approach. Powell said it is impossible to assert whether a rate cut in July would be premature, but emphasized that “no meeting is being ruled out in advance,” and the next move will depend entirely on the data. (Jin10)
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