Federal Reserve Chairman Jerome Powell has firmly stated that external pressures, including requests from former President Donald Trump for interest rate cuts, have no bearing on the Fed's monetary policy decisions. "Donald Trump's request for an interest rate cut has no impact on our work," Powell affirmed, emphasizing the Fed's commitment to its dual mandate of price stability and maximum employment. This independence is crucial for maintaining credibility and effectively managing the economy. The Fed's decisions are based on economic data, including inflation, employment figures, and global economic conditions. Political considerations are explicitly excluded from the decision-making process to ensure objectivity. The Fed aims to make the best decisions for the long-term health of the U.S. economy. ```
