Powell rules out a preemptive rate cut to blunt any tariff impact
Powell says he has not asked to meet with Trump or other U.S. presidents U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025. Kevin Lamarque | Reuters Despite a bevy of criticisms…
