US EditionFed Likely To Hold Interest Rates Steady In June Policy Meeting Despite Trump Slamming Jerome Powell, Saying 'We Can't Get This Guy To Do It'
- The Federal Reserve is anticipated to keep interest rates unchanged during its June 17-18 meeting as it navigates ongoing uncertainties surrounding economic growth and inflation.
- This decision follows increased uncertainty from unresolved trade and budget issues and dovetails with recent lower inflation readings and slowed economic growth.
- Fed Chair Jerome Powell emphasized in a recent White House meeting that politics will not influence monetary policy despite President Trump's calls for immediate rate cuts.
- Recent data showed core CPI rose only 0.1% month-over-month, a surprising downside miss, while firms faced increasing tariff costs roughly equal to 0.6% of GDP per year.
- The Fed’s hold signals cautious patience and a wait-and-see stance, with projections hinting at 1-2 rate cuts during 2025, reflecting risks from trade tensions and a slowing economy.
46 Articles
46 Articles
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US Fed set to hold rates steady in the face of Trump pressure
The US central bank is expected to keep interest rates unchanged for a fourth straight policy meeting this week, despite President Donald Trump's push for rate cuts, as officials contend with uncertainty sparked by the Republican's tariffs.
Fed Likely To Hold Interest Rates Steady In June Policy Meeting Despite Trump Slamming Jerome Powell, Saying 'We Can't Get This Guy To Do It'
The Federal Reserve is widely expected to maintain its benchmark interest rate in the 4.25%-4.50% range at next week's policy meeting, as policymakers weigh recent soft inflation data against ongoing uncertainty from President Trump's trade policies and demands for aggressive rate cuts.
The reference interest rates of the Federal Reserve (Fed) range from 4.25% to 4.5%, compared with 2% where the rates of the European Central Bank (ECB) are located, a barrier that the market expects to break down in the near future. This percentage, although it seeks to give air to the economy, also cuts the remuneration in the savings products of the eurozone, thus reducing the interest that households can get. Therefore, and taking advantage o…
Trump contemplating potential replacements for Fed chair amid interest rate dispute - Conservative Journal Review
President Donald Trump is reportedly contemplating the replacement of Federal Reserve Chair Jerome Powell as tensions grow over the central bank's decision to maintain interest rates. As Trump criticizes the decision to hold rates steady, he considers potential successors while Powell remains steadfast in his commitment to completing his term, as the New York Post reports. Trump has frequently criticized Powell's handling of interest rates, call…
Coming Wednesday evening, all stock market views towards Washington – and not Donald Trump for once. But this time, it's Jerome Powell and the Fed chief's statements at the press conference after the meeting of his board.
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