#PowellRemarks The Federal Reserve keeps rates and expects to cut only 0.5 points this year despite Trump's pressures

The central bank of the United States prolongs the pause while the Republican calls its president "stupid." Jerome Powell insists on waiting and seeing because the impact of tariffs on inflation and the economy is still unknown.

Neither two points, as Donald Trump requested, nor one, nor half, nor a quarter. As expected, the Federal Reserve of the United States decided this Wednesday to maintain interest rates at 4.25%-4.5% despite the constant pressures from the President of the United States, who is not very respectful of the independence of the central bank. In addition, Fed members have updated their projections for the U.S. economy and foresee less growth, more inflation, and only a reduction of rates by 0.5 points by the end of the year, possibly in two cuts of 0.25 points, although that is not detailed. President Jerome Powell has insisted on the uncertainty generated by tariffs (especially regarding inflation), on the strength of the economy, and that the Federal Reserve is "well positioned to wait" before moving the price of money. Powell's statements have cooled the spirits of Wall Street, which sees rate cuts a little further away.