Powell says Fed would have cut rates further if not for tariffs

• click to rate

  Posted by Two Blokes Jul 1 - Filed in General - #TwoBlokesTrading  - 4 views
  
  Fed Chair Jerome Powell said on Tuesday the central bank "went on hold" when it saw the size of President Donald Trump's tariffs, as the central bank is waiting to evaluate the effects on consumers. Powell, whom the president has expressed his discontent with, said the Fed is "simply taking some time" to "wait and learn more" as the president continues to press for a rate cut.