🤵 Trump has repeatedly called on Powell to cut rates, but the Fed remains cautious and is studying how changes in trade and migration are affecting the economy, holding its rate steady for four straight meetings.
❗Last month, Powell said:
🗣️"Uncertainty about the economic outlook has diminished but remains high."
❗Fed Chairman Jerome Powell says the Fed is planning two quarter-percentage point rate cuts by the end of the year. The Fed has four meetings left this year, and traders still expect the benchmark interest rate to fall to the 3.75-4.00 percent range by December.
❗Meanwhile, Trump's pressure on Powell increased this week after Federal Housing Finance Agency Governor William Poulter accused the Fed chief of lying to Congress about the extent of the bank's redevelopment.
