Fed Holds Steady, Monitors Tariff Inflation Amidst Rate Cut Speculation
Fed Holds Steady, Monitors Tariff Inflation Amidst Rate Cut Speculation Federal Reserve Chair Jerome Powell recently signaled the central bank’s cautious approach to monetary policy, emphasizing patience as officials assess the lingering impact of tariffs on inflation. In testimony before the House Financial Services Committee on Tuesday, Powell reaffirmed the Fed’s current strategy of holding interest rates steady while keeping a close eye on economic data. Despite rising price pressures stemming from tariffs, Fed officials, as of their June 18…