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The chairman of the US Federal Reserve, Jerome Powell, testifies during the hearing of the House of Representatives Committee on the topic “A half-free report on the Federal Reserve Policy” on the Capitol Hill in Washington on June 24, 2025.
Saul Lob | AFP | Gets the image
The chairman of the federal reserve system Jerome Powell said on Tuesday that the US Central Bank would still be easier if it were not for President Donald Trump’s tariff plan.
By question During the panel If the Fed again reduced the rates if Trump had not announced his controversial plan on the collection of many foreign trading partners earlier this year, Paul said, “I think it’s right.”
“In fact, we went to the maintenance when we saw the size of the tariffs and, in fact, all inflation forecasts for the United States increased significantly as a result of tariffs,” Powell added at an event that took place during the European Central Bank forum in Sintro, Portugal.
The Powell’s reception comes when the Fed introduced the interest rate detention scheme, despite increasing pressure from the White House.
Fed announced last month that would have a key borrowing level Again stable. With this, the cost of borrowing was sitting in a targeted range from 4.25% to 4.5% from December.
The Central Bank’s open market federal committee noted through the so -called point that there may be two cuts by the end of 2025. However, Powell said during a press conference last month the Fed was “well placed” To stay in standby mode and see.
Powell said on Tuesday, when asked if July would be too fast to reduce the rate that he “really can’t say” and that “it will depend on the data.” Fed Pounts Funta Transport Prices for more than 76% CME Fedwatch Tool.
“We’re going to meet at the meeting,” Powell said during the Tuesday pane. “I wouldn’t take a single meeting from the table and put it directly on the table. It will depend on how the data is developing.”
The incomprehensible position of the Fed grabbed the anger of Trump and his administration, which publicly spoke Powell for the lack of a recent movement of the Central Bank at tariffs. Trump last week called Powell “Scary” And he said he was “very mediocre”.
Trump’s global trading policy and Powell’s attacks took the central scene at the event on Tuesday, where the US Fed Head was announced at the Board by other leaders of central banks from around the world. Other International Central Bank leaders have raised questions whether they will act just like the Powell’s position, and when foreign countries have come off from the United States
Trump again again, the “tariff policy” has again put the world markets and manufacturers of monetary politicians on the edge. The US president first presented a plan for extensive and steep beatings in several foreign countries in early April before detaining many of the most intense tariffs shortly after the US markets were torpedo.
The American stock market has more than restored losses recorded as a result of Trump’s initial proclamation, with S&P 500 Returning to the most highs in recent days. However, the market participants and the leaders of the monetary policy continue to inform themselves confidently about the future of global trade, as well as its impact on the markets and the world economy.
