TV News LIES

Friday, Jul 25th

Last update07:48:20 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...


Trump announces 30% tariffs on Mexico, European Union

Pres. of MexicoPresident Donald Trump will slap a 30% tariff on all imports from Mexico and the European...

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...

Trump hits Canada with 35 percent tariff

Canada hit with 35% teriffTrump posted a letter sent to Canadian Prime Minister Mark Carney in which he outlined the...

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...
 
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!