According to BlockBeats, Nick Timiraos, often referred to as the "Fed's mouthpiece," has reported that the Federal Reserve is not expected to lower interest rates at its meeting later this month. However, Federal Reserve Chair Jerome Powell has indicated that a rate cut might be possible later this year if inflation shows positive trends or if the labor market weakens.
U.S. President Donald Trump is aiming to reduce the cost of servicing the federal deficit, although his tax cuts could potentially increase the deficit. Despite this, central banks in developed economies typically resist such pressures, except in extreme situations like war. They believe that maintaining stable inflation is crucial for sustaining confidence in their national currencies.