The Fed is Still Not Dovish! Blames Tariff as Cause for Uncertainty
The Fed is Still Not Dovish! Blames Tariff as Cause for Uncertainty

Federal Reserve Chair Jerome Powell has reaffirmed a cautious stance on monetary policy, pushing back against political pressure from President Trump to cut interest rates. Speaking at the Economic Club of Chicago, Powell warned that tariff hikes are larger than expected and are likely to cause temporary—and possibly persistent—inflation, alongside slower growth. While the U.S. economy remains fundamentally solid, Powell emphasized the need for greater clarity before making policy changes. His remarks triggered disappointment in the crypto market, causing Bitcoin to drop sharply.

2025-04-17Read
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