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134 new news items in the last 24 hours
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  2. International

Fed Chair Jerome Powell said the bank is in no hurry to cut interest rates, waiting for clear evidence on inflation, which has been influenced by new trade tariffs.

Adrian Rusu
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25 June 2025, 09:17
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International
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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.

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Economedia
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
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Al Jazeera
Powell says US Fed to wait to reduce rates even as Trump demands cuts
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Powell: Reducerile de dobândă pot aştepta, în timp ce Rezerva Federală evaluează impactul tarifelor comerciale

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NEWS ON THE SAME TOPICS

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The Federal Reserve of the USA has decided to keep the benchmark interest rates unchanged, in the context of rising oil prices and high inflation.
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Inflation in the US rose by 4.1% in May, the highest level in the last three years, amid rising gasoline prices. This poses a political challenge for President Trump.
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Inflation in the USA has risen to the highest level in the last three years. Donald Trump: "Do you know what I really like? I like inflation."
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jerome powell Chairman of the US Federal Reserve

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