Reported about 5 hours ago
The Federal Reserve's efforts to balance rising inflation and employment issues have faced significant challenges, especially due to the impact of former President Trump's trade policies. While inflation is still above pre-pandemic levels, the Fed has maintained interest rates steady to gauge the economic impact but faces criticism for not addressing inflation sooner. With job growth stagnating and economic data collection hampered by a government shutdown, the Fed may lower rates in hopes of countering rising unemployment. The ongoing economic divide is evident, as lower-income households struggle significantly amid high costs of living.
Source: YAHOO