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Powell says Trump tariffs delayed rate cuts despite cooling inflation

Invezz Tuesday, 1 July 2025 ()
Fed Chair says US interest rates would be lower if not for Donald Trump’s tariff plan. Federal Reserve Chair Jerome Powell on Tuesday acknowledged that the US central bank likely would have adopted easier monetary policy by now if not for President Donald Trump’s aggressive tariff agenda, which he said materially pushed up inflation forecasts. […]
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News video: Canada STRIKES BACK after Trump KILLS Trade Talks | Canada Slaps 50% Additional Tariff on U.S Steel

Canada STRIKES BACK after Trump KILLS Trade Talks | Canada Slaps 50% Additional Tariff on U.S Steel 03:17

Canada has hit back hard after Donald Trump abruptly terminated all trade talks, citing Canada’s Digital Services Tax. In response, Canada imposed strict quotas on U.S. steel imports and a 50% surcharge on excess shipments. Finance officials warn more steps may follow to counter “unjust...

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