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Posted: 2025-06-25 00:00:59 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-06-25 00:16:52 UTC
Verified By
Rollup News
Jerome Powell's congressional hearing revealed that the Fed is holding off on interest rate cuts due to expected inflation from Trump's tariffs, with most policymakers anticipating cuts after the summer. The Fed will not buy crypto but allows banks to offer services to the crypto industry. Powell also defended the dollar's status as the world's primary currency.
Fed's stance on interest rate cuts dependent on inflation impact from tariffs
Banks can offer services to the crypto industry
Powell defends the dollar as the primary global currency
Potential inflation increase due to Trump's tariffs
Uncertainty regarding the timing of interest rate cuts