Jerome Powell may finally grant Trump his interest rate wish thanks to China deal

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Jerome Powell may finally grant Trump his interest rate wish thanks to China deal

^{Published on 2025-05-13 06:46:41 -}

President Trump's wish for a rate cut may be looking more realistic as economic uncertainty clears
but it still won't be happening any time soon.

Jerome Powell, the Federal Reserve Chairman, has indicated that the central bank might consider cutting interest rates if the U.S. economy shows signs of slowing down due to the ongoing trade tensions with China. This statement comes in the wake of President Trump's recent tariff hikes on Chinese goods, which have raised concerns about potential economic repercussions. Powell emphasized that the Fed's decisions would be data-dependent, focusing on incoming economic indicators. Meanwhile, negotiations between the U.S. and China continue, with both sides expressing a willingness to reach a deal, though significant differences remain. The possibility of a rate cut has been welcomed by some market analysts, who believe it could provide a necessary boost to the economy amidst the uncertainty caused by the trade war.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/13/jerome-powell-trump-interest-rate-cut-china-tariff-deal/ ]

N@N

Jerome Powell may finally grant Trump his interest rate wish thanks to China deal