The US central bank keeps its key interest rate unchanged as it faces significant economic uncertainty.

Summary

Donald Trump criticized the Federal Reserve and its chairman, Jerome Powell, after the central bank kept interest rates unchanged at 4.25%-4.5%.

Trump blamed the Fed for inflation and urged rate cuts to ease borrowing costs.

Powell defended the decision, citing economic uncertainty and reaffirming the Fed’s independence.

Trump’s economic plans, including tariffs and tax cuts, have raised inflation concerns.

Powell also addressed political pressure, including an order to cancel diversity programs and the Fed’s withdrawal from a climate-focused group, insisting decisions were not politically motivated.

  • @[email protected]
    12•17 hours ago

    Not american. It would be hilarious because it’s one of the institutions that made his rise to power possible.

    • @[email protected]English
      11•15 hours ago

      Haha it would be soooo funny to crash the global economy you are right. Totally a lol moment for you and your loved ones!

      • @[email protected]English
        5•14 hours ago

        Doubt this would crash the global economy. The US dollar would lose value relative to other currencies, and this would have a global impact, but Americans would be hit the hardest. The average American family would have to stop buying eggs, for example.

        • @WagyuSneakers
          13•13 hours ago

          This would hurt any country that holds large amounts of US debt like Japan and China.

          You clearly do not understand how interconnected the global economy is.

          • @[email protected]English
            1•2 hours ago

            You named two countries. It would certainly have a global impact bit the USians would be hit hardest by far.

        • JWBananasEnglish
          3•13 hours ago

          The average American family would have to stop buying eggs, for example.

          Bird flu is taking care of that already