- Tensions are rising within the U.S. Federal Reserve, as officials lean towards keeping interest rates unchanged at their meeting this week, despite growing concerns about an economic slowdown.

- Meanwhile, there continues to be public pressure for a rate cut.

- Jerome finds support in a strong labor market and may disregard Trump’s pressures amidst trade risks and fluctuating inflation.

- Economists at Bloomberg expect that Powell will adopt a more steadfast stance on holding interest rates, opposing market expectations for a cut soon, especially in light of strong job data for April.

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