Powell Reiterates Fed’s Wait-and-See Approach Before Cutting Rates
The New York TimesTuesday, June 24, 2025 at 1:48:17 PM
Fed Chair Jerome Powell is sticking to his cautious stance, telling lawmakers that the central bank isn’t rushing to cut interest rates just yet. Instead, they’ll wait to see how Trump’s new tariffs shake out and what impact they have on the economy. Meanwhile, tensions between Powell and Trump continue to simmer, with the president frequently criticizing the Fed’s decisions.
Editor’s Note: This isn’t just about interest rates—it’s about the Fed walking a tightrope. On one hand, they don’t want to overreact to political pressure or short-term economic noise. On the other, delaying rate cuts could risk slowing growth if tariffs hurt businesses and consumers. Powell’s balancing act matters because it affects everything from your mortgage rates to the stock market’s next move. And with Trump’s constant critiques, it’s also a test of the Fed’s independence.
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