Powell: When the Federal Reserve is confident that inflation is declining, it will cut interest rates

According to Golden Finance, Federal Reserve Chairman Powell said that before starting to cut interest rates, it is necessary to gain confidence that inflation is declining. Powell said, "There is a lot of uncertainty in this regard, and considering tariff policies, what is needed is confidence that inflation is decreasing." He said that "someone must pay for tariffs" among manufacturers, exporters, retailers, and consumers. Powell said, "The end consumer will bear some responsibility, and we just hope to see some results before making a judgment too early." Powell said that without tariffs, service sector inflation would "fall well," but the Federal Reserve needs to learn more about tariffs.