Powell: The Fed Will Cut Rates When Confident Inflation Is Declining
According to Jinse Finance, Federal Reserve Chairman Jerome Powell stated that before starting to cut interest rates, it is necessary to gain confidence that inflation is indeed declining. Powell said, "There is a lot of uncertainty in this regard, especially considering tariff policies, so what we need is confidence that inflation is coming down." He noted that among manufacturers, exporters, retailers, and consumers, "someone has to pay for the tariffs." Powell added, "Ultimately, consumers will bear part of the cost. We just want to see some results before making any premature judgments." Powell also mentioned that without tariffs, inflation in the service sector would "decline nicely," but the Federal Reserve needs to better understand the impact of tariffs.
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