Trump Ramps up Attacks on the Federal Reserve but Powell Sticks to ‘Wait and See’ Stance
- Federal Reserve Chair Jerome Powell is sticking to his policy of keeping interest rates unchanged despite President Trump's repeated calls for rate cuts.
- Powell said the Fed will wait to see the impact of Trump's tariffs on the economy before making any changes to interest rates.
- Trump has attacked Powell and other Fed officials, accusing them of hampering economic growth by not lowering interest rates.
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67 Articles
Assertive Leadership: Trump Shaping Global Economic Landscape - Real News Now
The head of the Federal Reserve has clarified that all interest rate decisions will be data-driven. Fed chair, Jerome H. Powell, engaged in a discussion panel at the annual conference of the European Central Bank, organised in Sintra, Portugal, along with Christine Lagarde, President of the European Central Bank. Jerome H. Powell, leading the Federal Reserve, emphasized a watchful approach towards slashing interest rates, demonstrating his stead…
Fed Chair Powell sticks to wait-and-see stance on interest rates
NEW YORK, July 1 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell on Tuesday reiterated his wait-and-see stance on interest rates while admitting that the Trump administration's tariffs prevented the Fed from lowering interest rates early. Read full story
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