Watch CBS News

Powell cites Trump's tariffs after leaving interest rates unchanged, Trump touts GDP numbers

Name: Powell cites Trump's tariffs after leaving interest rates unchanged, Trump touts GDP numbers
Uploaded: 2025-07-30T19:04:00-0400
Duration: 2 min 37 s
Description: President Trump spent the day hailing new GDP numbers that showed stronger than expected economic growth over the past three months. But at the Federal Reserve, Chair Jerome Powell pointed to Mr. Trump's tariffs as he announced the central bank would leave interest rates unchanged. Nancy Cordes reports.

President Trump spent the day hailing new GDP numbers that showed stronger than expected economic growth over the past three months. But at the Federal Reserve, Chair Jerome Powell pointed to Mr. Trump's tariffs as he announced the central bank would leave interest rates unchanged. Nancy Cordes reports.