Reuters: Powell said that without the tariff policies of the Trump administration, we should have cut interest rates earlier
Reuters, July 2 report, data from the U.S. Department of Labor on Tuesday showed that job vacancies increased by 227,000 in May to 8.308 million, reaching a three-month high. Job openings in the accommodation and food service industry surged by 314,000, while the financial sector increased by 168,000, and federal government positions decreased by 39,000. On the same day, Fed Chair Powell at the Portuguese Central Bank Forum stated, "Without the impact of the Trump administration's tariff policies, we should have cut interest rates earlier. All inflation forecasts have been significantly adjusted upward due to tariffs." Vanguard Group pointed out in its latest economic outlook: "Although the U.S. labor market has cooled, it remains stable, and inflation data has exceeded expectations." At the same time, the U.S. Senate voted on the "Single Major Bill" proposed by Trump, which could increase the national debt by 3 to 4 trillion dollars.
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