TV News LIES

Thursday, Jul 10th

Last update08:12:26 AM GMT

You are here News Economy Fed would have cut US interest rates by now if it weren’t for Trump’s tariffs, says Jerome Powell

Fed would have cut US interest rates by now if it weren’t for Trump’s tariffs, says Jerome Powell

E-mail Print PDF
Jerome Powell

Federal Reserve chair Jerome Powell said earlier this morning that the central bank would likely have already cut interest rates this year had it not been for the economic shock caused by Donald Trump’s tariff policies.

When asked if Trump’s tariffs on imported goods held up the Fed’s plan to cut interest rates, Powell replied:I  think that’s right.

Speaking at a central banking conference in Portugal, he went on:

In effect, we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs.

More...


Most Recent Related Stories...


US dollar has worst first half in more than 50 years amid Trump tariffs

Dollar fallsThe US dollar has had its worst first half-year in more than 50 years, as the...

Federal cuts hit farmers and food banks: 'It really hurts'

Food pantrySylvia Tisdale believes in feeding the hungry so much that, at 70 years old, she attempted...

Federal Reserve holds interest rates, defying Trump’s demand to lower them

rome PowellThe US Federal Reserve kept interest rates on hold, but signaled it might make two cuts...

Procter & Gamble to cut up to 7,000 jobs amid economic and tariff pressure

P&G to cut 7,000 jobsProcter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce,...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!