Federal Reserve Chairman Powell: Tariffs bring uncertainty, leading to a delay in interest rate cuts.

Jin10 data reported on July 1st, local time July 1st, Federal Reserve Chairman Powell stated during a meeting in Sintra, Portugal, that if it were not for President Trump's tariff policy, the Federal Reserve would have started cutting interest rates in 2025, and would currently adopt a more accommodative monetary policy. When asked whether the uncertainty caused by the current tariff system of the U.S. government has led the Federal Reserve to postpone interest rate cuts, Powell answered affirmatively, adding that due to the impact of tariffs, nearly all predictions for U.S. inflation rates are significantly rising. Powell acknowledged that despite increasing pressure from the U.S. government, the Federal Reserve has still entered a mode of maintaining interest rates. Powell also stated that given the instability of the current economic outlook, the Federal Reserve is still observing the situation to gather more information.