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.
- The Federal Reserve is anticipated to maintain its current interest rate level this week despite ongoing economic uncertainty and pressure from President Trump.
- This decision follows mixed economic data including a 0.5% contraction in Q1 US activity and stronger-than-expected job growth in June.
- Treasury Secretary Scott Bessent confirmed that the Trump administration plans to nominate a successor to Fed Chair Jerome Powell this fall.
- Inflation remains above the Fed’s 2% target at 2.7% in June, and Powell’s current rate range stands at 4.25 to 4.5 percent.
- Stabilizing rates underscores continued division between Powell’s cautious approach and Trump’s calls for faster cuts, suggesting further tension ahead.
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·Zürich, Switzerland
Read Full ArticleFederal Reserve likely to stand pat on rates, deepening gulf between Powell and Trump
President Donald Trump, left, speaks with Federal Reserve Chairman Jerome Powell during a visit to the Federal Reserve, Thursday, July 24, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson)
·Jefferson City, United States
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Total News Sources97
Leaning Left8Leaning Right16Center49Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
11%
C 67%
R 22%
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