Trump Pushes for Rate Cuts, But Fed Expected to Hold Steady
President Trump has strongly urged Federal Reserve Chair Jerome Powell to cut interest rates, but economists say this won’t happen in the Fed’s upcoming meeting.
The Fed is expected to keep rates steady at 4.25% to 4.5% as it aims to control inflation while the economy remains stable.
Despite Trump’s criticism and political pressure, Powell remains cautious, especially with the risk that new tariffs could push prices higher.
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