Fed Chair Powell Clings to ‘Wait and See’ Amid Trump’s Pressures to Cut Rates

President Donald Trump continues to challenge the Federal Reserve's approach, demanding rate cuts that would ease borrowing costs and bolster the American economy. Yet Federal Reserve Chair Jerome Powell remains steadfast in a 'wait and see' stance, refusing to bow to political pressure as he evaluates the actual impact of Trump’s tariffs on inflation and growth.Speaking at a European Central Bank conference in Sintra, Portugal, Powell acknowledged the uncertainty surrounding the timing and scale of inflationary pressures linked to tariffs imposed by the White House. He emphasized that the Fed’s current strategy is prudently cautious: to hold interest rates steady...