Powell: It is impossible to say whether it is too early to cut interest rates in July, and any meeting is not ruled out

Odaily News At the European Economic Forum in Sintra, Portugal, when asked whether the Fed would further ease monetary policy if tariffs did not trigger inflation, Fed Chairman Powell said: "After evaluating the scale of tariffs, we decided to hold off on action." He expects inflation to rise slightly this summer due to tariffs, so while the economy remains robust, the Fed chooses to remain patient and wait is the most prudent approach. Powell said it is impossible to say whether it is too early to cut interest rates in July, but stressed that "no meeting will be ruled out in advance" and the next move will depend entirely on data performance. (Jinshi)