💨 Abstract

Jerome Powell, the Federal Reserve chair, stated it's too early to consider lowering interest rates, emphasizing the uncertain effects of recent policy changes. The Fed is waiting to see how President Trump's policies, including tariffs, impact the economy. While some officials and Trump advocate for rate cuts, Powell and many economists believe it's premature due to potential inflationary effects from tariffs and geopolitical tensions. The Fed has kept rates steady since January, awaiting clearer economic data before making any adjustments.

Courtesy: WTOP Staff