Jerome Powell said the Fed will not cut interest rates any time soon, as it waits to see the effects of new trade tariffs on inflation. He emphasized the importance of June and July for the direction of inflation and ruled out an imminent decision on monetary policy adjustments. Although markets reacted by lowering the likelihood of a July cut, Powell indicated that the Fed is prepared to wait for more data. Trump's criticism of Powell's approach underscores tensions between the administration and the central bank.
Sources
Jerome Powell vs Donald Trump: Președintele Fed transmite că reducerile de dobândă pot aştepta, în ciuda “indicațiilor” președintelui SUA. Rezerva Federală evaluează impactul noilor tarife comerciale
Powell says US Fed to wait to reduce rates even as Trump demands cuts
Powell: Reducerile de dobândă pot aştepta, în timp ce Rezerva Federală evaluează impactul tarifelor comerciale
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