Federal Reserve Rejects Trump's Rate Cut Demands, Maintains Rates at 4.25%-4.5% Despite the President's pressure, the Fed holds steady, revealing its economic outlook amid ongoing trade tensions and updated projections for unemployment, inflation, and GDP growth
Jerome Powell and the Fed: Will Interest Rates Remain Unchanged? This week, Federal Reserve Chair Jerome Powell returns to the spotlight as the Federal Open Market Committee's decision on interest rates remains a key focus. Will the Fed yield to pressure and cut rates, or maintain the current 4.25% to 4.5% range? The latest economic projections and their implications will be closely scrutinized
Trump slams Jerome Powell and the Federal Reserve, calling the Fed Chair "stupid" for resisting interest rate cuts. The Fed maintained its 4.25% to 4.5% interest rate range, defying President Trump's demands for a significant reduction. This decision comes despite Trump's repeated calls for a full percentage point cut
Federal Reserve Holds Interest Rates Steady at 4.25% – 4.5% Range, Rejecting Trump's Calls for Cuts. The Federal Open Market Committee (FOMC) maintained the target federal funds rate, defying President Trump's pressure for a rate reduction. This decision, widely expected by markets, keeps borrowing costs unchanged since December
Federal Reserve Rejects Trump's Rate Cut Demands, Maintaining Rates at 4.25%-4.5%. Despite President Trump's calls for a 1% rate reduction, Wall Street anticipated the Fed's decision, with CME Group's FedWatch Tool showing only a 0.1% probability of a cut. This follows the Fed's release of its quarterly economic projections, indicating a slower growth forecast but still projecting two 25 basis-point rate cuts in 2024
Federal Reserve Holds Rates Steady, Releases Key Economic Projections: The Fed's dot plot reveals its outlook for the U.S. economy, including unemployment, inflation, and GDP growth forecasts, amidst President Trump's calls for rate cuts. The central bank's decision and updated projections offer crucial insights into monetary policy and the future of the U.S. economy
Federal Reserve Holds Rates Steady, Forecasts Higher Unemployment and Inflation: The Fed maintained interest rates, defying President Trump's calls for cuts. However, the central bank projected a rise in unemployment to 4.5% and core inflation to 3.1% by December 2025—multi-year highs. GDP growth for Q4 2024 was also revised down to 1.4% from 1.7%. Despite this less optimistic outlook, the Fed still anticipates two 25 basis-point rate cuts this year
Federal Reserve Holds Rates Steady, but Signals Potential for Two Rate Cuts in 2024. Despite a bearish economic forecast, the Fed's projection of two 25 basis-point interest rate cuts this year offers a glimmer of hope for investors
Fed Holds Rates Steady Amidst Trump Pressure and Tariff Uncertainty. Despite typical rate cut indicators like stable inflation and a softening labor market, the Federal Reserve (Fed) maintained interest rates, citing uncertainty surrounding President Trump's tariffs. Chair Jerome Powell highlighted the unpredictable impact of tariffs on consumer prices and the overall economy, emphasizing its current "solid" state. Powell acknowledged the eventual cost burden of tariffs on consumers, explaining the Fed's cautious approach
Federal Reserve Chair Jerome Powell explains the decision to hold interest rates steady, citing uncertainty surrounding the impact, duration, and timeline of tariff effects. The Fed awaits further data before adjusting monetary policy
Despite Trump's pressure, the Fed held interest rates steady, sparking a slight market increase. The Dow Jones Industrial Average climbed approximately 80 points (0.2%) Wednesday afternoon following the monetary policy announcement
Trump Renews Attacks on Fed Chair Powell Amid Rate Cut Demands: Will Powell Stay Beyond Next Year? President Trump's latest verbal assault on Federal Reserve Chairman Jerome Powell follows the Fed's decision to hold interest rates steady, defying Trump's repeated calls for significant cuts. Powell dismissed questions about his future at the Fed, while Trump continues his criticism, labeling Powell with insults. This escalating conflict highlights the ongoing tension between the White House and the central bank over monetary policy
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