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Trump tariffs have delayed interest rate cuts, Federal Reserve Chair Jerome Powell says

Pelican Press

By Pelican Press,
in World News

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July 1, 2025 / 6:13 PM EDT / MoneyWatch Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank has held off on lowering interest rates this year because of President Trump’s tariffs. Speaking at a gathering of central bankers in Portugal, Powell said “I think that’s right” in response to a moderator’s question about whether the Fed would have cut…

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