Powell Pushes Back On Trump, Says Tariff Uncertainty Justifies Holding Rates Steady
Fed chair tells lawmakers inflation could rise again due to Trump’s tariffs, keeping rate cuts on hold for now.

Fed chair tells lawmakers inflation could rise again due to Trump’s tariffs, keeping rate cuts on hold for now.
For much of this year, the Federal Reserve has held interest rates steady after a series of cuts in late 2024. But that fragile consensus may be breaking.
President Trump has a rare opportunity to break the cycle of the Fed’s bureaucratic groupthink. Here are three decisive moves he can make.
If Christopher Waller’s view prevails at the Fed, it will mean that Washington no longer has to choose between stable prices and national economic strategy. Tariffs can be a tool, not a threat.
Progress on inflation has been very slight, so any rate cuts will have to wait until the Fed has several more months of data on inflation, Waller said.
Fed Governor Christopher Waller argues that there is no reason to fear that we are sailing into a recession, which is the thing that usually prompts rate cuts from the Fed.
Will the Fed defend the position it staked out in December or capitulate to the view of bond traders?
This week’s economic data very likely pushed the timing of a rate cut further out on the calendar.
The prospects of a soft landing for the economy is no reason for the Federal Reserve to rush into rate cuts.
The most striking thing about President Biden announcing a special White House council on supply chains is that it took until this Monday to happen.
Does the rule that you cannot fight the Fed apply if the Fed is fighting itself?
The Federal Reserve is not buying the optimism about the economy that the White House has been marketing under the brand Bidenomics.
Federal Reserve Governor Chris Waller on Wednesday drained some of the drama of the coming Halloween meeting of the Federal Open Markets Committee.
Long and variable? Maybe not. Fed Governor Christopher Waller have a speech titled “Big Shocks Travel Fast: Why Policy Lags May Be Shorter Than You Think” on Thursday night in New York.
Someone forgot to tell the mall rats that the economy is supposed to be in a recession any day now.
The services sector index for February shows that progress on inflation has definitely stalled as demand for services remains strong.
A highly anticipated speech by Fed Governor Christopher Waller was scrapped after a participant in the Zoom call started showing porn to the audience.