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Jerome Powell won’t be in a hurry to deliver further interest rate cuts and intends to remain on the sidelines until policy changes under Trump administration, Goldman Sachs chief economist says

Fortune LogoFortune13h ago

Jerome Powell won’t be in a hurry to deliver further interest rate cuts and intends to remain on the sidelines until policy changes under Trump administration, Goldman Sachs chief economist says - Fortune

Quick Summary:

Analysts are expecting the FOMC to push back their "normalization" base rate cuts amid economic uncertainty, as Jerome Powell takes a step back from any action despite pressure from Donald Trump.

Stubborn inflation and recent economic uncertainty will make them ever more data-dependent in the coming weeks and months,” echoed Bankrate's chief financial analyst, Greg McBride.

Analysts had anticipated a series of “normalization” cuts to spur economic growth, but the administration’s potentially inflationary tariffs on key trading partners—including China, Mexico, and Canada—have pushed those expectations back.


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Jerome Powell won’t be in a hurry to deliver further interest rate cuts and intends to remain on the sidelines until policy changes under Trump administration, Goldman Sachs chief economist says - Fortune (Picture 1)

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Article Details

Author / Journalist: Eleanor Pringle

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 09:00:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 778 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 195 words per sentence (average)

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

Copyright Owner: © Fortune

News ID: 27169426

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Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 34 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #95

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  • URL: https://chronographically.beamstart.com/news/jerome-powell-wont-be-in-17423748841395

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