Powell agreed that the Fed would have cut rates without tariffs.
07/01/2025
https://www.cbsnews.com...
So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.
Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.
In effect, we went on hold when we saw the size of the tariffs, and essentially all inflation forecasts for the United S...
I have nothing for you on that today.