Interest rates would have been cut, if not for Trump’s tariffs, Fed chair says - Trump has pressured Powell and the Fed to lower short term interest rates

Fed Chair says US interest rates would be lower if not for Donald Trump’s tariff plan. Federal Reserve Chair Jerome Powell on Tuesday acknowledged that the US central bank likely would have adopted easier monetary policy by now if not for President Donald Trump’s aggressive tariff agenda,

Fed Chair Jerome Powell effectively told President Trump on Tuesday that he's his own worst enemy in his crusade for rate cuts. He was speaking specifically about the tariffs Trump has announced and implemented,