#FOMCMeeting Political pressures and trade tensions

President Donald Trump and Treasury Secretary Scott Bessent publicly pressured the Fed to lower interest rates, citing declining inflation and labor market stability. However, Fed Chairman Jerome Powell emphasized that the institution's priority is to maintain price stability and is awaiting additional data before making decisions regarding monetary policy.

Additionally, the aggressive tariff policy of the Trump administration has created further uncertainties, negatively impacting economic outlooks and complicating Fed decisions.

Market perspectives and expectations

Despite the current maintenance of rates, financial markets anticipate the possibility of interest rate cuts in the second half of 2025, depending on the evolution of economic data. Some Fed officials have suggested that, in the event of further deterioration of the economy, adjustments to monetary policy may be necessary.