See every side of every news story
Published loading...Updated

Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and Trump

UNITED STATES, JUL 29 – Trump administration begins planning for multiple Federal Reserve chair candidates amid Powell's uncertain departure and ongoing disputes over interest rate policies, with inflation at 2.7% in June.

  • On Wednesday, the Federal Reserve is expected to leave its short-term rate unchanged for the fifth straight meeting, underlining deep divisions with President Donald Trump.
  • Last week, Trump and White House officials ramped up their attacks on Powell over rates, while on Monday, he was more restrained during a joint appearance with British Prime Minister Keir Starmer.
  • Fed officials penciled in only two reductions this year and two Fed governors are expected to dissent for the first time since 1993 amid low unemployment at 4.1%.
  • Trump’s debate over firing Powell drew scrutiny, as critics questioned whether costs for Fed building renovations aimed to justify ousting him, then he backed off.
  • Futures pricing indicates two rate cuts this year, with Wall Street futures projecting two in 2026.
Insights by Ground AI
Does this summary seem wrong?
Podcasts & Opinions

104 Articles

The world's most important central bank has been immune to Donald Trump's attacks, but internal unity is crumbling.

·Zürich, Switzerland
Read Full Article
KDFWKDFW
+5 Reposted by 5 other sources
Center

Federal Reserve likely to keep interest rates the same this week: What to know

Federal Reserve officials are split on whether to slash interest rates as President Donald Trump favors rate cuts based on his claim that the nation’s economy is thriving.

WESHWESH
+16 Reposted by 16 other sources
Center

The economic consequences of Trump's pressure on the Federal Reserve

President Trump's pressure on lowered interest rates could send markets into a tailspin and destabilize the economy, according to researchers and economists.

·Florida, United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 68% of the sources are Center
68% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

The spokesman-Review broke the news in Spokane, United States on Thursday, July 3, 2025.
Sources are mostly out of (0)