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U.S. Treasury Secretary: Fed's Analysis of Tariffs Is 'a Bit Off'

By: theblockbeats.news|2025/07/23 11:52:18

BlockBeats News, July 23rd, U.S. Treasury Secretary Yellen discussed the Federal Reserve's interest rate decision, stating, "Not sure what the Fed is considering," and that the Fed's analysis of tariffs is "a bit off."

Yellen also stated that Trump said he will not fire Powell. When referring to Federal Reserve Chairman Powell, Yellen said, "We are not in a rush to take action."

The EU is preparing a 100 billion Euro contingency plan in case of a no-deal scenario to mitigate the impact of a 30% tariff imposed by the United States.

U.S. Treasury Secretary: Trade Negotiations with China Back on Track, Not Seeking Decoupling from China