Free Republic

Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank would have eased monetary policy by now if not for President Donald Trump’s tariff plan. When asked during a panel if the Fed would have lowered rates again this year had Trump not announced his controversial plan to impose higher levies on imported goods earlier this year, Powell said, “I think that’s right.” “In effect, we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs,” Powell said at...

-snip- As part of the U.S. plan, the yearslong war would be considered frozen, the EU sources told Bloomberg. Ukrainian areas currently occupied by Russia would stay under the Vladimir Putin-led country's leadership, they said. Ukraine would not enter the North Atlantic Treaty Organization, a military alliance better known as NATO, under the proposal, the sources said. Russia can see pared back sanctions as part of this proposal, according to Bloomberg. But Bloomberg's report noted that ending restrictions placed on the country from the EU, such as unfreezing immobilized assets, requires approval of all member states. The plan would not...