Fed Chair Powell announces no change to interest rates, stresses independence from political pressure.

Federal Reserve Chair Jerome Powell announced that the central bank will maintain its current interest rates, pausing further adjustments. Powell emphasized the Fed's independence from political pressure, particularly from President Trump, who has advocated for lower rates. The Fed will monitor the impact of Trump's policies, including new tariffs and immigration measures, before considering any changes.

2 months ago
310 Articles

Further Reading