Powell: The Fed will cut interest rates when it is confident inflation is falling
Internet reports that Federal Reserve Chairman Powell said that before starting interest rates, confidence that inflation is falling is needed. "There is a lot of uncertainty in this regard, and given the tariff policy, what is needed is confidence that inflation is falling," Powell said. He said between manufacturers, exporters, retailers and consumers,"someone has to pay for the tariffs." "The end consumer will bear some of the blame, and we just want to see some results before we make a judgment too early," Powell said. Powell said services inflation would "come down well" without tariffs, but the Fed needs to learn more about tariffs.
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