US EditionFederal Reserve's Waller Says Central Bank Should Cut Rates at Next Meeting
UNITED STATES, JUL 16 – President Trump demands steep Federal Reserve rate cuts despite inflation hitting 2.7%, while economists warn such moves could worsen price increases and economic instability.
- Amid renewed pressure, President Donald Trump demanded the Federal Reserve cut interest rates by 300 basis points, escalating pressure on the central bank.
- Amid rising inflation, Fed members' minutes show only a few supported a July rate cut, highlighting Fed split.
- Markets continue to forecast over 100 basis points of easing in the next 18 months, with bettors putting a 75% probability on a September rate cut.
- Meanwhile, U.S. Treasury yields rose as investors reacted to Trump’s extreme rate cut calls, signaling market uncertainty.
- Forecasters expect that the US economy faces stagflation risks, with economists warning that rate cuts now could worsen inflation and costs.
26 Articles
26 Articles
Associated Press News
Federal Reserve's Waller says central bank should cut rates at next meeting
A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts.
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The president of the Chicago Federal Reserve, Austan Goolsbee, is "a little cautious" at the June consumer price index signs that tariffs are pushing property inflation upwards. However, he continues to believe that the U.S. economy is at a good time and that the Fed's official interest rate can drop "quite" in the next 12 months. We have a bit of agitation in the air after extended policy changes that could get us off the path back to 2% inflat…
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