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Trump Calls for Fed Rate Cuts Defying Powell's Moves
Cheddar News
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6 months ago
The Federal Reserve kept its benchmark interest rate unchanged, defying President Trump’s calls for immediate cuts despite increasing political pressure.
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00:00
The Federal Reserve kept its benchmark interest rate unchanged, defying President Trump's calls
00:05
for immediate cuts despite increasing political pressure. Chairman Jerome Powell stressed the
00:10
need for a careful, data-driven approach due to persistent inflation fueled by tariffs and
00:15
uncertainty. Although the Fed anticipates two small rate cuts by the end of 2025,
00:21
it remains cautious about inflation and growth, underscoring its commitment to policy independence.
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