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Fed Pours Cold Water on Rate Cuts
Business Standard
|June 25, 2025
US Federal Reserve Chair Jerome Powell said on Tuesday the central bank needs more time to see if rising tariffs drive inflation higher before considering the interest rate cuts that President Donald Trump is demanding.
"Increases in tariffs this year are likely to push up prices and weigh on economic activity," Powell said in testimony prepared for delivery this morning at a hearing before the House Financial Services Committee.
Dit verhaal komt uit de June 25, 2025-editie van Business Standard.
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