It’s going to take a while to sort out the impact of President Donald Trump’s tariffs on inflation, so members of the Federal Reserve board are not in unity on whether it’s time to introduce a rate cut, minutes from the July policy meeting indicate.
Federal Reserve Says Clarity on Tariffs Will ‘Take Some Time’
The board minutes highlighted that ‘uncertainty remained about the timing, magnitude, and persistence of the effects’ of this year’s increase in duties.
Federal Reserve Chairman Jerome Powell testifies during a hearing before the House Committee on Financial Services on Capitol Hill in Washington on June 24, 2025. Madalina Kilroy/The Epoch Times
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
