Federal Reserve Chair links tariff impacts to delay in rate cuts, inflation forecasts rising

From Yahoo Finance: 2025-07-01 16:03:00

Federal Reserve Chair Jerome Powell addressed the effects of tariffs on interest rates at an ECB forum in Portugal. Powell stated that tariffs have caused the Fed to delay rate cuts, with inflation forecasts rising due to tariffs. Despite pressure from Trump, Powell believes the US economy remains healthy but expects tariff impacts to show soon.

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