Trump Urges Rate Cuts to Boost Savings, but Fed Says Economy Is Strong
4 Articles
4 Articles
Trump urges rate cuts to boost savings, but Fed says economy is strong
Experts say the Federal Reserve is unlikely to cave to President Donald Trump's demands for lower interest rates amid the administration's aggressive reset of global trade relationships.TRUMP CRITICIZES FED CHAIR POWELL OVER RISING INTEREST RATES"The primary reason for the delay in cuts is inflation uncertainty from tariffs and the administration's trade policy in general," explained Jai Kedia, a research fellow at the Cato Institute's Center fo…
The Fed's interest rate decision in July continues to be closely watched by economic markets. While Trump's tariffs impacted commodity markets last week, dovish statements from Fed members supported risk appetite in pricing. However, uncertainty about whether the US administration will take further action on tariffs continued to weigh on asset prices. So, when will the Fed's interest rate decision be announced? Here are the latest developments...
The president of the central bank has responded saying that there is room in monetary policy to wait for a new rate drop.
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