Fed Pauses Rate Hikes Amid Inflation

This is a Zandi news story, published by CNBC, that relates primarily to Jerome Powell news.

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Fed rate hikes

CNBC

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Trump and Fed Chair Powell could be set on a collision course over interest rates

Summary

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83% Informative

Should inflation flare up again, Fed Chair Jerome Powell and his colleagues could tap the brakes on their efforts to lower interest rates.

That in turn could infuriate President-elect Donald Trump , who lashed Fed officials including Powell during his first term in office for not relaxing monetary policy quickly enough.

Trump is planning both expansionary and protectionist fiscal policy, even more so than during his previous run.

Mark Zandi : "The Fed will still cut interest rates next year , just perhaps not as quickly as would have otherwise been the case" "The tariffs in the deportations are negative supply shocks. They hurt growth and they lift inflation," he says.

"So I don't think it's going to be an issue in 2025 ," Zandi says.

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