Reported 2 days ago
President Trump reacted strongly on social media after the Federal Reserve decided to maintain interest rates, urging the board to 'assume control' if Chairman Powell does not cut rates. This comes as Fed Governor Adriana Kugler unexpectedly resigns, paving the way for Trump to potentially influence the board's composition. Despite some dissent among Fed governors during the rate decision, experts believe a significant revolt against Powell is unlikely. The U.S. economy's recent job market data further complicates the outlook for future rate cuts.
Source: YAHOO