Powell confirms it. Fed would’ve cut rates by now. Tariffs froze the move. Dollar down 10.8% Worst start since 1973 Markets watching July CPI
Jerome Powell just confirmed what markets already suspected. The Federal Reserve would have cut rates by now if it weren’t for the tariff barrage coming out of the White House. That’s not speculation. That’s Powell’s own words. Inflation forecasts jumped after Trump’s tariff plan hit the tape. The Fed froze. …