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Powell: Unable to assert whether July rate cut is premature, does not rule out any meeting
Summary: Speaking at the European Economic Forum in Sintra, Portugal, Federal Reserve Chairman Powell stated that after evaluating the impact of tariffs, the Fed decided to pause action. He expects a slight increase in inflation this summer due to tariffs, so in the face of a stable economy, the Fed chooses to remain patient and wait, ...
Speaking at the European Economic Forum in Sintra, Portugal, Federal Reserve Chairman Powell stated that after evaluating the impact of tariffs, the Fed decided to pause action. He expects a slight increase in inflation this summer due to tariffs, so in the face of a stable economy, the Fed chooses to remain patient and wait, which he deems the most prudent approach. Powell mentioned that he cannot assert whether the July rate cut is premature, but emphasized that 'no meeting is ruled out in advance,' with the next steps depending entirely on data performance.
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Link: Powell: Unable to assert whether July rate cut is premature, does not rule out any meeting [Copy]
