Jerome Powell, the Chairman of the U.S. Federal Reserve, announced during his meeting yesterday, Tuesday, July 30, 2025, the maintenance of the interest rate in the range of 4.25% to 4.50% for the fifth consecutive time, despite a rare internal division within the committee between supporters and opponents of keeping the rate steady. Powell confirmed that the U.S. economy is growing steadily and the labor market is stable, but there is a significant amount of uncertainty in the current economic landscape. He also noted that the central bank has not yet made decisions regarding future interest rate adjustments, considering that the current monetary policy allows him to act quickly in response to any potential economic developments.
This decision came amid external pressures, including calls from Donald Trump to lower interest rates to stimulate the economy, but Powell insisted on adhering to a policy based on waiting for economic data before taking any corrective steps.
A brief summary of the post on social media:
"Jerome Powell announces maintaining the interest rate at 4.25%-4.50% for the fifth consecutive time despite a rare division within the Fed. The U.S. economy is growing steadily, but uncertainty remains high. Powell confirms no future decisions have been made while waiting for new data, rejecting interest rate cuts despite external pressures."
