Europe’s central banks are all cutting rates, even as tariffs tie the Fed’s hands

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The US Federal Reserve, acting cautiously in an environment of high uncertainty, did not cut interest rates until the effects of Trump's tariffs became clear. In fact, FED Chairman Powell said, "Nobody knows what will happen right now, we will wait and see." Then, the Swiss National Bank reduced the policy rate by 25 basis points, bringing it back to the 0% level three years ago. Here are the details...