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Donald Trump has called for a lower interest rate and “to hold hands with future tariffs!!!”
You need to lower the interest rate. This is something we will hold hands with future tariffs!!! Rock and Roll, America!!!
Jerome Powell told the Senate committee on Tuesday that the Federal Reserve “doesn't have to hurry” to cut interest rates.
Federal Reserve Chairman Jerome Powell told Senate committee Tuesday that strong job markets and inflation are still rising, and he and his colleagues “have no need to hurry” to cut interest rates. He said.
Powell also submitted questions about President Trump's economic policies and the Fed's own banking supervision. And, as always, the Fed chairperson tried to avoid politics.
In a six-month report to Congress, Powell said the central bank had cut its benchmark interest rates in full last year. Further reductions will have to wait until inflation cools further or until significant softening of the job market occurs.
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