⭕ The Federal Reserve has stopped lowering interest rates since President Donald Trump took office, fearing the repercussions of the trade wars he has waged on the world.
⬅️ The Fed cut interest rates 4 times last year from its highest level, then kept interest rates between 4.25 percent and 4.50 percent since December, while only monitoring the labor market and inflation.
📌 Diane Swonk, chief economist at KPMG, told Agence France-Presse, "The level of uncertainty is still extremely high, and until policymakers are sufficiently convinced that tariffs will not cause inflation to rise, they will not be able to act."
📌 The Federal Reserve is facing increasing pressure from Trump, who believes that inflation data is positive enough to lower interest rates, thus helping the country to "pay less interest on outstanding debts," according to the president's vision.
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