- Federal Reserve chair Jerome Powell confirms interest rates would be lower today, were it not for the U.S.’s current tariff policy. At a gathering of central bankers in Sintra, Portugal Powell urged his successor to remember the importance of running the Fed in a “completely non-political way.”
Were it not for tariffs, the Federal Reserve would have already cut interest rates in 2025, chair Jerome Powell said on Tuesday at a conference of central bankers.
