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Fed Holds Rates Steady and Predicts Higher Inflation, Slower Growth Ahead
Tags: Current Focus, Renewal America, Managing Business, United States, Banks / Insurance, Retail, Oil & Gas, Capital Markets, The Economy, Inequality / Upward Mobility, Movement for Renewal of America, Health, Mental Health, Education, 2. Cost of Living Action, 4. Interest rates on Savings for Retirees, 5. Bringing Jobs and Factories to the US, 6. Capital Allocation for Infrastructure, Goods and Services, 7. Democracy Support Action, 10. Health- Body/Mind Wellbeing for All ,
Fed's Powell sees only a temporary slight effect of DJT tariffs on inflation to 2.7% in 2025 that he says can be "looked through without action by us." Fed will wait for clarity in coming days and weeks.
Powell says in March 2025 “It can be the case that it’s appropriate sometimes to look through inflation if it’s going to go away quickly without action by us. And that can be the case in the case of tariff inflation.”
Tariffs are intended as they were in the first term of DJT and retained by Democrats led by Biden to create a level playing field after hidden subsidies by China, and to rebuild American manufacturing. New investments in manufacturing and in infrastructure supported by both DJT and Biden have brought new hope and vigor to comunnities and towns across America. For far too long as Powell understands textbook economic theory at Ivy League universities that had no connection to reality was used by American business to turn its back on communities and towns across the 51 states and the Nation.
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