Reported 27 days ago
The Federal Reserve is set to announce its decision on interest rates amidst intense pressure from President Trump and Vice President Vance, who are urging a significant cut to fuel economic growth. Currently, the Fed is expected to maintain rates at 4.25% to 4.5%, following concerns about inflation and economic stability. Trump's criticisms of Powell's hesitance and calls for a one-point rate cut highlight the political tension affecting central bank independence, as policymakers weigh the risks and implications of potential rate changes.
Source: YAHOO