Reported 2 days ago
The Federal Reserve is facing pressure from President Trump as it holds its first meeting of 2025. Trump has publicly demanded lower interest rates and indicated he expects to influence Fed Chair Jerome Powell directly. However, Fed officials are concerned about persistent inflation and have reduced forecasts for rate cuts this year, citing the economic implications of Trump's policies. With inflation risks rising due to potential new tariffs and other economic factors, some analysts suggest that rate hikes could even be on the table, setting the stage for a potential conflict between the administration and the Fed.
Source: YAHOO