Powell Blames Trump's Tariffs For Rate Delay
Edited By WION Video Desk
Published: Jul 02, 2025, 11:45 IST | Updated: Jul 02, 2025, 11:45 IST
Federal reserve chair jerome powell finally hits back after repeated attacks by president donald trump on the fed to cut rates.
Powell said on tuesday, trump's tariff plan prevented the fed from easing monetary policy.
He said if not for trump's economic policies, including tariffs, the fed would have already cut rates by now.
Powell’s comments come as the fed is in a wait-and-watch mode despite mounting pressure from the white house to cut rates.
trending videos
)
FIFA World Cup: Award Winning Referee Dropped from Officiating World Cup
)
Kawata Defies Traditional Norms: Becomes First Japanese Mayor To Avail Maternity Leave
)
New UNESCO wonders worldwide, Mayan legends & a bike chef in Denmark
)
Greece's Ancient Sites Under Climate Strain; 19 Sites at Urgent Climate Risk
)
Mumbai Water Crisis: Private Water Tanker Operators Go On Strike In Mumbai
)
120 Bahadur, Border, Uri: The Surgical Strike: The Changing Face of Indian War Films
)
India Politics: DMK Walks Out of I.N.D.I.A Bloc, AAP Distances Itself
)
Russia-Ukraine War: Russian Drone Attack Injures 23 in Zaporizhzhia
)
Japan's Bear Trouble Rises, Leads To Mass School Closure Near Tokyo
)
India-China-Russia Ties | China: Ready to Advance Cooperation with India & Russia
)
European-Led NATO in Planning if Trump Pulls Out
)
Malaria Cases Spike Across Southern Africa
)
China's Nuclear Build-Up Accelerates, Could Match US, Russia by 2030
)
US Heatwave: Heat and Drought Grip the United States Amid Extreme Weather Crisis
)
Visakhapatnam Steel Plant Fire: 10 Workers Die After Molten Steel Spilled at Plant
)
India Weather Alert: Monsoon Advances, Heatwave Persists In India Amid Extreme Weather Swing
)
Mamata Banerjee Meets Sonia Gandhi As TMC Battles Dissent After Bengal Poll Defeat
)
Leftist Candidate Roberto Sánchez Edges Ahead Of Conservative Rival Keiko Fujimori
)
Molise Landslide: Heavy Rain Triggers Large Landslide in Molise
)
Can AI Create Deadly Viruses? Google, Meta, Anthropic Warn AI Could Supercharge Bioweapon
)
VIDEO: Indian Coast Guard and Oman officials rescue 24 Indian seafarers from burning tanker after missile attack
)
From AI Boom To Bioweapons Battle: CEOs Demand New Safeguards
)
Pakistan Heatwave: Extreme Heatwave Grips Karachi, Temperatures Soar Towards 47 Degrees
)
Hungary PM-Elect Vows State Media Overhaul
)
Netanyahu Says He Told Trump Israel Has Right to Self-Defence
)
Beijing Closes The Nuclear 'Attack' Gap: Global Nuclear Balance Starts To Shift
)
Chabahar Port: Why Chabahar Port Is Crucial For India’s Afghanistan Trade Route
)
Albania Protest: Crowds Brandish Flamingo Symbols, Wave Albanian Flags
)
Global Finance Leaders to Meet Amid War Shock
)
Loneliness Becomes A Trend On TikTok
)
Trump Claims Fraud in California Polls as Candidates He Endorsed Fall Behind in Results
)
India: Rameshbabu Vaishali Secures 2026 Women’s Candidates Victory
)
US President Changes Tone on Israel, Warns Netanyahu Against Attacking Iran
)
El Niño Looms as Oceans Warm Up
)
Tibet Quartz Discovery Boosts China's Self-Sufficiency Push For High-Tech Materials
)
Hormuz Crisis: Cargo Vessel with Indian Crew Hit Near Hormuz, Sends SOS Call
)
Aloka The 'Peace' Dog Capture Hearts: Walks Across Nepal, India
)
Sudan Civil War: UN Warns of Regional Spillover, 700 Killed in Drone Strikes
)
Philippines Earthquake: Buildings in General Santos City Turned to Rubble by Earthquake
)
Australia's Far-Right Party, One Nation Emerges As Major Political Player
)
Australia Refinery Fire: Refinery Pumps Out About 10% of Australia's Fuel
)
Vizag Steel Plant Fire: 8 Workers Die After Molten Steel Spilled at Plant