The Federal Reserve would have cut interest rates by now if President Donald Trump's tariffs weren't so big, central bank chief Jerome Powell said Tuesday

Federal Reserve Chair Jerome Powell told a financial conference in Portugal on Tuesday that he would have lowered interest rates if not for President Trump's tariffs. The White House all-but directly asked the Fed to lower rates yesterday,

Trump has suggested that there won't be another delay in the heaviest of his tariffs once the 90-day pause ends on July 9.

Key Takeaways President Donald Trump's 90-day pause on the "Liberation Day" tariffs expires on July 9.When the deadline passes, the U.S. could re-impose "reciprocal" tariffs on numerous countries, which would be a major drag on the economy.

President Donald Trump says he’s not planning to extend a 90-day pause on tariffs on most nations beyond July 9