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President Trump wants action from the Fed, but one bank president says April 2 has only delayed their cuts

Summary by Fortune

Despite appointing Jerome Powell as Fed Chair, Donald Trump and his allies continue to criticize the Federal Reserve for not cutting interest rates, especially as new tariffs and economic policies create uncertainty. The Fed remains cautious, with officials like Tom Barkin emphasizing the need for greater confidence in inflation trends before considering rate cuts, despite mounting political pressure. Despite appointing Jerome Powell as the head…

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President Trump wants action from the Fed, but one bank president says April 2 has only delayed their cuts

3 days ago·New York, United States

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Action Forex

Fed’s Barkin: Tariffs create dual risks for inflation and jobs - Action Forex

Richmond Fed President Thomas Barkin highlighted growing concerns over the economic impact of the Trump administration’s upcoming tariffs. He told CNBC that the tariffs could both stoke inflation and weigh on the labor market. “Call me nervous on both,” Barkin said, signaling that the path forward for monetary policy remains highly data-dependent. Barkin emphasized “there’s […] The post Fed’s Barkin: Tariffs create dual risks for inflation and j…

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Bitcoin Ethereum News

Richmond Fed's Barkin Discusses Inflation, Tariff Concerns, Interest Rates

The post Richmond Fed’s Barkin Discusses Inflation, Tariff Concerns, Interest Rates – Coincu appeared on BitcoinEthereumNews.com. Key Points: Thomas Barkin addresses inflation and tariff impacts on interest rates. Interest rate cuts depend on inflation confidence, Barkin says. Market optimism remains despite possible inflationary risks. Richmond Fed’s Barkin Discusses Inflation, Tariff Concerns, Interest Rates Thomas Barkin, President of the Ric…

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