If Trump fires Jerome Powell and replaces him with someone more politically pliant, ‘it could be something that backfires on Trump spectacularly,’ researcher says

Quick Summary:

It’s also unclear how much interest rate cuts can stem the bleeding’ from tariffs, Renaissance Macro’s Neil Dutta said.

These are industries that are actually quite affected by tariffs…so it remains to be seen how much rate cuts can actually stem the bleeding in those areas.

Tariffs can induce inflation, but whether it happens to be a one-time shock to prices or an ongoing one remains to be seen.

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Article Details

Author / Journalist: Alena Botros

Category: EconomyBusiness

Markets: United States

Topics: Tariffs and trade Federal Reserve Jerome powell Interest Rates Housing Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 16:01:55 (3 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 506 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 127 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28154023

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 34 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 15 hours ago

Coverage Areas: United States

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Publication Timezone: GMT +8:00

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Publisher ID: #95

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