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Fed Chair Jerome Powell: The Federal Reserve Would Have Cut Rates If Not For Tariffs Chair Jerome Powell_ The Federal Reserve Would Have Cut Rates If Not For Tariffs
Forbes Breaking News
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7/1/2025
On Tuesday, Fed Chair Jerome Powell discussed the Federal Reserve's response to Trump's tariffs agenda.
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00:01
Chair, would the Fed have cut more by now if it weren't for the tariffs?
00:06
So I do think that's right.
00:08
In effect, we went on hold when we saw the size of the tariffs
00:12
and essentially all inflation forecasts for the United States
00:16
went up materially as a consequence of the tariffs.
00:19
So we didn't overreact. In fact, we didn't react at all.
00:23
We're simply taking some time.
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