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Benzinga
Benzinga
Business
Namrata Sen

Jerome Powell Says Trump's Tariffs Deterred Fed From Easing Monetary Policy—July Decision To Depend On 'Data': 'Wouldn't Take Any Meeting Off The Table'

Powell Donald Trump Monetary Policy central bank the Federal Reserve US Federal Reserve
The,Concept,Of,U.s.,President,Donald,Trump,And,Federal,Reserve

Jerome Powell, the Chair of the Federal Reserve, indicated that the central bank would have implemented a more lenient monetary policy if not for President Donald Trump‘s tariff strategy.

What Happened: Powell made the revelation during a panel discussion on Tuesday. He suggested that the Fed would have likely reduced rates this year if Trump had not announced his plans to impose higher tariffs on imported goods, reported CNBC. 

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