Charting the Global Economy: Fed, BOJ and BOE Hold Rates as Tariffs Loom
Commercial buildings in the Shibuya district of Tokyo.
Photographer: Kentaro Takahashi/BloombergThis article is for subscribers only.
Central bankers in the US, Japan and UK held the line on interest rates this past week, opting for a patient policy approach in order to gauge the economic and inflationary impacts of tariffs.
Federal Reserve Chair Jerome Powell downplayed mounting growth concerns and the price hits that could be on the way from President Donald Trump’s aggressive trade policy. The Bank of Japan added a reference to trade policies to its list of risks to the outlook, its statement showed Wednesday.