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Wednesday 10 April 2024 09:44:00 GMT

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Federal Reserve Chair Jerome Powell on Tuesday said the central bank would have likely cut interest rates by now if not for President Trump’s tariff policies. “I think that’s right,” the Fed chief said at a central banking conference in Portugal when asked whether rates would be lower without the levies. “In effect, we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs.” His remarks come as the central bank has been locked in a holding pattern, keeping rates steady at the 4.25%–4.5% level set in December. While the Federal Open Market Committee (FOMC) has penciled in two quarter-point rate cuts by the end of the year, Mr. Powell said that the Fed was “well positioned” to wait for more economic data before making a move. President Trump has been piling on pressure for the Fed to cut interest rates, arguing lowering borrowing costs would reduce U.S. payments on its debt and help juice the economy. #fed #federalreserve #jeromepowell #cspan

Federal Reserve Chair Jerome Powell on Tuesday said the central bank would have likely cut interest rates by now if not for President Trump’s tariff policies. “I think that’s right,” the Fed chief said at a central banking conference in Portugal when asked whether rates would be lower without the levies. “In effect, we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs.” His remarks come as the central bank has been locked in a holding pattern, keeping rates steady at the 4.25%–4.5% level set in December. While the Federal Open Market Committee (FOMC) has penciled in two quarter-point rate cuts by the end of the year, Mr. Powell said that the Fed was “well positioned” to wait for more economic data before making a move. President Trump has been piling on pressure for the Fed to cut interest rates, arguing lowering borrowing costs would reduce U.S. payments on its debt and help juice the economy. #fed #federalreserve #jeromepowell #cspan

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#oscarpiastri #kimiantonelli | 8112 girls unite - if you saw this earlier no you didn’t • @Oscar Piastri @Andrea kimi Antonelli dt: @Quit. @Amy ¹⁷ @c e l i n e ¹⁶ @🏎 @¹²happyhanji ✭⁸¹ ⁴ @𝐌𝐢𝐚™ 🏎️ @𝐂 𝐇 𝐋 𝐎 𝐄 ⁴ @Flo! @🏎️Dahlia⁸¹ @a⁸¹ @alex⁸¹ || #f1 #f1tiktok #fyppp #formulaone #mclaren #f1edit #mclarenf1 #oscarpiastriedit #oscarpiastri81 #op81 #op81edit #kimiantonelliedit #kimiantonelli12 #ka12 #ka12edit

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