Reported 18 days ago
The Federal Reserve has cut interest rates by a quarter percentage point, signaling a cautious and patient approach under the incoming Trump administration. Fed Chair Jerome Powell indicates that while immediate effects of the election on monetary policy are minimal, the Fed will evaluate how Trump’s proposed immigration and tax reforms could impact economic stability and employment. As inflation trends downward, the Fed seeks to recalibrate its stance to support ongoing economic growth while awaiting further clarity on the new administration's fiscal policies.
Source: YAHOO