Powell Shakes Trump’s Pressure: Futures and Analysts Don’t Expect Movement Until at Least September

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A strong US Federal Reserve president Jerome Powell responded to US President Donald Trump’s increasingly aggressive rate cutting demands with meridian clarity. He did not lower the rates and will wait before doing so, because the inflationary impact of tariffs already in place more than those that can (or can’t) arrive forces him to wait before making any decision. Technically, the Fed hasn’t moved his expectations: the open market committee av…