Reported 17 days ago
Donald Trump reacts personally to Federal Reserve policy decisions, especially following the recent 25-basis-point rate cut. Experts, like Jon Hilsenrath, note this could lead to a slower rate-cutting pace, with expectations for another cut in December but the cycle concluding by mid-2025. Trump is pressing for Fed Chair Jerome Powell's resignation, yet Powell remains committed to his term. The Fed's primary goal, amidst the political backdrop, is to achieve its inflation target while managing rate cuts.
Source: YAHOO