US President Donald Trump announced that he would aim to lower interest rates at the Federal Reserve’s meeting, which began on the same day.
Meanwhile, Federal Reserve Chairman Jerome Powell explained that the Fed is in a good position to wait for economic development before taking other steps.
political controversy
After two weeks of bitter political and legal wrangling between Federal Reserve officials and President Donald Trump’s administration, the Fed will try to keep this week’s interest rate meeting as simple and calm as possible, but Trump is unlikely to be satisfied with the outcome.
The U.S. central bank’s Open Market Committee, which oversees interest rates, is almost certain to keep the key interest rate unchanged at a range of 3.5% to 3.75%, after three consecutive cuts of a quarter of a point each over the past year.
US President Donald Trump announced that he would aim to lower interest rates at the Federal Reserve’s meeting, which began on the same day.
Meanwhile, Federal Reserve Chairman Jerome Powell has made it clear that the Fed is in a good position to wait for economic development before taking further action.
political debate
After two weeks of intense political and legal debate between Federal Reserve officials and President Donald Trump’s administration, the Fed will seek to keep this week’s interest rate meeting as simple and calm as possible, but Trump is likely to be dissatisfied with the outcome.
The Federal Open Market Committee, which controls interest rates at the U.S. central bank, is almost certain to keep its key interest rate unchanged in the range of 3.5% to 3.75%, after cutting interest rates by 0.5 percentage points each in three consecutive sessions over the past year.
