#FOMCMeeting The Federal Reserve is making a decision this week: will they lower interest rates?

Federal Reserve Chairman Jerome Powell, speaking at a press conference after the last FOMC meeting in May, faced criticism from President Donald Trump for not lowering interest rates this year.

In recent weeks, Federal Reserve officials have stated that they do not want to lower interest rates from their current high levels, as they fear that Trump's tariffs will again spur high inflation, which has fallen to the Federal Reserve's target of 2% per year after a sharp rise in the post-pandemic era. For his part, Trump has often berated the Federal Reserve for not lowering rates this year, even calling Federal Reserve Chairman Jerome Powell a "dummy."

No FOMC member advocated for a change in policy, so the decision to maintain it should be straightforward," said Michael Feroli, Chief U.S. Economist at JPMorgan Chase.

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