U.S. Treasury Secretary: Tariffs are not inflation drivers, Federal Reserve may cut interest rates before September
I'm PortAI, I can summarize articles.
U.S. Treasury Secretary Scott Basset stated that the Federal Reserve may cut interest rates before September, and tariffs have not driven up inflation. Trump has repeatedly urged the Federal Reserve to lower interest rates. Basset believes that if the Federal Reserve follows this judgment, the rate cut may come earlier than September. Federal Reserve Chairman Powell pointed out that without Trump's tariff plan, the Federal Reserve would have already eased monetary policy. Despite signs of an economic slowdown, the Federal Reserve has kept interest rates unchanged at 4.25%-4.5%, facing criticism from Trump
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments