Reported about 22 hours ago
Federal Reserve Chair Jerome Powell refrained from commenting on President Trump's calls for significantly lower interest rates during a recent press conference. The Fed decided to keep rates steady following three cuts, expressing caution due to the undefined economic policies under Trump, particularly regarding tariffs and fiscal strategies, which may impact inflation and monetary policy. Despite signs of slight improvement in inflation, Powell emphasized the Fed's independence from political pressures, assuring the public that it will continue focusing on achieving its monetary goals.
Source: YAHOO