Rates unchanged as Powell cites tariffs for inflation surge
🚨BREAKING: Jerome Powell keeps rates unchanged, blames Trump’s tariffs for higher prices, and says inflation expectations are rising:
“Increased tariffs are pushing up prices. Near-term measures of inflation expectations have moved up.”
pic.twitter.com/5BvUidQY7r— Benny Johnson (@bennyjohnson) July 30, 2025
Jerome Powell keeps rates unchanged, blames Trump’s tariffs for higher prices, and says inflation expectations are rising:
“Increased tariffs are pushing up prices. Near-term measures of inflation expectations have moved up.”