Fed's Powell: I think we'll see tariff inflation in the June and July numbers

Fed's Powell: I think we'll see tariff inflation in the June and July numbers

FinancialJuice @financialjuice
Fed's Powell: I think we'll see tariff inflation in the June and July numbers. Jun 24, 2025 10:05am

Added at 10:09am

FinancialJuice @financialjuice
Fed's Powell: If it turns out inflation pressures are contained, we will get to a place where we cut rates. Jun 24, 2025 10:08am

Added at 10:10am

Mace News @MaceNewsMacro
FED'S POWELL Q&A: CAN'T SAY WHETHER JULY MEETING COULD LIKELY CUT RATES; HAVE TO SEE HOW INFLATION AND JOBS DATA PROGRESS #Powell #FederalReserve #economy Jun 24, 2025 10:09am

Added at 10:16am

Nick Timiraos @NickTimiraos
Q to Powell: Taylor rules say you should be looking through this.

Powell: That's right.

Q: So why aren't you cutting rates?

Powell: Taylor rules say we're right where we should be. And one of them shows rates should actually be higher. Jun 24, 2025 10:21am

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Momofrmnyc

Jun 24, 2025 10:13am

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Quoting future911

Disliked

Kinda messed up how his whole reputation is on the line for one data print after all the shenanigans he's done right

Ignored

It's really not. He's basically been saying the same thing as far as when they'll be ready to move on cutting rates. This patience approach is honestly the best INCASE inflation does speed up then you're in a better position to react vs if you cut rates and inflation starts picking up. It's a balancing act at this moment and you won't be able to make everyone happy. I think Powell is getting a good glimpse of that but he's still taking the jabs and rolling with the punches so I'll give him that.

Blessed-man

Jun 24, 2025 10:31am

Permalink

Quite funny everyone think Powell has absolute power.

I doubt if he even has a VETO vote, like some security members of UN.

If the other members who are equally intelligent feel the need to reduce or increase, Powell cannot override their collective decision.

So let us stop scape goating Powell and see the group of voters.

In the UK, 3 voted for reduction, if they had gotten the number to 5, then a reduction would have happened

Vancarbon

Jun 24, 2025 11:19am

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Quoting Blessed-man

Disliked

Quite funny everyone think Powell has absolute power. I doubt if he even has a VETO vote, like some security members of UN. If the other members who are equally intelligent feel the need to reduce or increase, Powell cannot override their collective decision. So let us stop scape goating Powell and see the group of voters. In the UK, 3 voted for reduction, if they had gotten the number to 5, then a reduction would have happened

Ignored

Trump always needs a scapegoat , in every facet of his life .

He doesn’t shoulder responsibility well , he’ll lay it off onto the closest potential culprit he can think of .

KJW001

Jun 24, 2025 10:23am

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Quoting Momofrmnyc

Disliked

{quote} It's really not. He's basically been saying the same thing as far as when they'll be ready to move on cutting rates. This patience approach is honestly the best INCASE inflation does speed up then you're in a better position to react vs if you cut rates and inflation starts picking up. It's a balancing act at this moment and you won't be able to make everyone happy. I think Powell is getting a good glimpse of that but he's still taking the jabs and rolling with the punches so I'll give him that.

Ignored

Facts!!! Probably the most sensible & intelligent comment I’ve read on FF calendar. It doesn’t make sense for him to cut rates when they don’t even fully know nor understand how the orange man’s tariffs will disrupt the labour force or inflation. If they cut rates too early the USA will definitely enter recession and start crying, mostly will call for him to be sacked.

jjoohhnnyy13

Jun 24, 2025 10:21am

Permalink

Problem is Trump and his unexpected tarifs...

KJW001

Jun 24, 2025 10:35am

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Quoting Blessed-man

Disliked

Quite funny everyone think Powell has absolute power. I doubt if he even has a VETO vote, like some security members of UN. If the other members who are equally intelligent feel the need to reduce or increase, Powell cannot override their collective decision. So let us stop scape goating Powell and see the group of voters. In the UK, 3 voted for reduction, if they had gotten the number to 5, then a reduction would have happened

Ignored

That’s actually true. Both the Fed and BoE rely on voting systems, I don’t know why Trump & loads of traders scape goat Powell. Even if he voted for rate cuts but the others voted otherwise, nothing will change

future911

Jun 24, 2025 10:09am

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Kinda messed up how his whole reputation is on the line for one data print after all the shenanigans he's done right

atillaken

Jun 24, 2025 10:42am

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Wondering if Powell see the USDCHF??? How he can say USD is reserve money... As you can see CHF is king now.

Look to CJFJPY as well.... uSD and JPY are dead.