The US central bank keeps its key interest rate unchanged as it faces significant economic uncertainty.

Summary

Donald Trump criticized the Federal Reserve and its chairman, Jerome Powell, after the central bank kept interest rates unchanged at 4.25%-4.5%.

Trump blamed the Fed for inflation and urged rate cuts to ease borrowing costs.

Powell defended the decision, citing economic uncertainty and reaffirming the Fed’s independence.

Trump’s economic plans, including tariffs and tax cuts, have raised inflation concerns.

Powell also addressed political pressure, including an order to cancel diversity programs and the Fed’s withdrawal from a climate-focused group, insisting decisions were not politically motivated.

  • shawn1122@lemm.eeEnglish
    18·
    14 hours ago

    If he did this and muscled lower rates through then the value of the US dollar would plummet and cost of living would become even more disastrous. This is how you put the US on the same path as Argentina and Turkey.