Donald Trump attacks Fed after no change in interest rates

www.bbc.com

177

Donald Trump attacks Fed after no change in interest rates

www.bbc.com

@MicroWave to

politics English • 8 days ago

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.

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1•7 days ago
You named two countries. It would certainly have a global impact bit the USians would be hit hardest by far.
- @WagyuSneakers
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  0•4 days ago
  
  It’ll hurt the right people
  
  And you’re the problem with the world right now. People like you.

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