This week's Federal Reserve interest rate decision keeps the benchmark interest rate unchanged at 4.25%-4.50%. Powell stated: The current uncertainty requires the Federal Reserve to continue to wait, the economy is in a robust state, and the uncertainty is very high. As events unfold, the Federal Reserve can take action at its discretion and swiftly.
Trump has publicly criticized the Federal Reserve more than 12 times this year, calling for an immediate rate cut. Trump stated: Conversations with Federal Reserve Chairman Powell are like "playing the lute to a cow"; he simply doesn't understand and is always too late.