Fed Chairman Powell: Tariff uncertainty leads to delayed rate cuts

Odaily News Federal Reserve Chairman Powell said at a meeting in Sintra, Portugal that if it were not for US President Trump's tariff policy, the Fed would have started cutting interest rates in 2025 and would have adopted a more relaxed monetary policy at present. When asked whether the uncertainty caused by the current tariff system of the US government has caused the Fed to postpone rate cuts, Powell gave an affirmative answer, adding that due to the impact of tariffs, almost all forecasts for US inflation rates are rising sharply. Powell admitted that despite the increasing pressure from the US government, the Federal Reserve has entered a mode of maintaining interest rates. Powell also said that given the instability of the current economic outlook, the Federal Reserve is still waiting and watching the situation to learn more. (Jinshi)