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Why the Fed will likely ignore Trump’s calls for interest rate cuts
The Federal Reserve could keep its key rate unchanged for several more months as it evaluates the impact of President Donald Trump’s widespread tariffs on hiring and inflation, some economists say, even as the White House pushes for a rate cut. The Fed is nearly certain to keep its rate unchanged when it concludes its latest policy meeting Wednesday. Chair Jerome Powell and other Fed officials have signaled that they want to see how the duties—including 145% on all imports from China—impact consumer prices and the economy. The central bank’s caution could lead to more conflict between the Fed and the Trump ... (full story)
