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

Planet Daily News: The epic tariffs imposed by the Trump administration on most imported goods may be beyond the Federal Reserve's ability to resolve. Bill Dudley, the former "hawk king" and former New York Fed chairman, warned that market expectations of rate cuts exceeding 100 basis points this year are "naive," and such cuts would only be possible with a comprehensive economic recession in the United States. In the next six months, inflation may surge to 5%, and economic growth could be halved to 1%, putting the Federal Reserve in a dilemma of "rate hikes accelerating recession and rate cuts worsening inflation". Don't expect the Federal Reserve to save the U.S. economy dragged down by tariffs; the only question now is: how deep will the damage be. (Jintian)