๐จ *BREAKING: Fed Chair Powell Meets with Trump at White House* ๐บ๐ธ๐๏ธ
On May 29, 2025, Federal Reserve Chair Jerome Powell met with President Donald Trump at the White House. During the meeting, Trump criticized Powell for not lowering interest rates, arguing that high rates put the U.S. at an economic disadvantage compared to countries like China. Despite the pressure, Powell emphasized that the Fed's decisions are based on economic data and analysis, maintaining the central bank's independence.
๐ *Market Implications*
While the Fed has kept interest rates steady between 4.25% and 4.5% since December 2024, financial markets are anticipating potential rate cuts in September and December. The outcome of these meetings could influence economic growth, inflation, and investment strategies.
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*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.*