Federal Reserve's Powell: Will Resume Rate Cuts If Tariffs Do Not Cause High Inflation

BlockBeats News, June 24th, Federal Reserve's Bullard stated that since the tariffs imposed by Trump on April 2nd, there has been a lack of clear inflationary pressures, which may allow the Federal Reserve to cut interest rates again. He recalled that the Federal Reserve initially projected rate cuts at the beginning of the year but paused due to policy uncertainty.

Bullard stated: "If we don't see inflation as a result of these tariff increases, then in my view, we really never left the 'golden path' I had described before April 2nd." He likened the tariffs to "throwing a lot of dust in the air, so it's hard to see if you are still on the road." "If there is no dust in the air, then I think we should proceed (with rate cuts)." (FXStreet)