Fed Chair Powell Weighs in on Potential July Rate Cut, Trump’s Criticism

Ignore the tariffs for a second. Inflation is behaving pretty much exactly as we have expected and hope that it would. We haven't seen effects much yet from tariffs and we didn't expect to by now.We've always said that the timing, amount, and persistence of the inflation would be highly uncertain, and it's certainly improved that. So, we're watching, we expect to see, over the summer, some readings, higher readings, but we're prepared to learn that it can be higher or lower or later or sooner than we'd ex ...