The former hawk of the Federal Reserve: It is too naive to expect a 100 basis point rate cut, and Powell will not clean up Trump's tariff mess

Odaily Planet Daily News: The Federal Reserve may be unable to resolve the epic tariffs imposed by the Trump administration on most imported goods around the world. Bill Dudley, the former hawk of the Federal Reserve and former president of the New York Federal Reserve, warned that the market's expectation of a rate cut of more than 100 basis points this year is "too naive" and can only be fulfilled if the US economy is in a full-scale recession. Inflation may hit 5% in the next six months, and economic growth may be halved to 1%. The Federal Reserve will be caught in the dilemma of "raising interest rates to accelerate recession, and lowering interest rates to worsen inflation." Don't expect the Federal Reserve to save the US economy dragged down by tariffs. The only question now is: how deep will the damage be. (Jinshi)