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Powell says Trump's comments won't affect interest rate decisions by the Fed

Federal Reserve Chair Jerome Powell stated that President Donald Trump's requests for lower interest rates will not influence the Fed's decisions on rates, emphasizing their focus on economic conditions.
Powell indicated that the Fed would not implement further rate cuts until inflation approaches the 2% target, after cutting rates three times last year.
The government reported a 3% rise in consumer prices in January, up from a low of 2.4% in September, affecting the Fed's rate decisions.
Many Fed officials are cautious about Trump's tariffs and their potential short-term effects on inflation, affecting future rate cuts.

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The Epoch Times

Powell Says Trump’s Rate Cut Demands Won’t Change Fed Policy

Federal Reserve Chair Jerome Powell told lawmakers on Capitol Hill on Wednesday that the president’s calls for lower interest rates will not influence the central bank’s decisions, reiterating that Fed policymakers remain committed to following a data-dependent path on monetary policy. “People can be confident that we’ll continue to keep our heads down, do our work, and make our decisions based on what’s happening in the economy,” Powell said on…

10 days ago·New York, United States

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Associated Press News

+4 Reposted by 4 other sources

Powell says Trump's comments won't affect interest rate decisions by the Fed

Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions. “People can be confident that

10 days ago·United States

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Alternet

'Schism on vivid display' as GOP lawmakers sharply divided over Trump’s 'calls to meddle' with Fed

Many Democrats on Capitol Hill are highly critical of President Donald Trump's efforts to influence the U.S. Federal Reserve, arguing that maintaining the Fed's independence is crucial. But Democrats aren't the only ones in Washington who want Trump to leave the Fed alone.GOP lawmakers, according to Semafor's Eleanor Mueller, are debating how much influence Trump should have over the Fed — and whether or not Jerome Powell should continue to serv…

10 days ago·Washington, United States

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theafrica.co.za

Powell Says Trumps Comments Wont Affect Interest Rate Decisions By The Fed : The Africa

Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump`s calls for lower interest rates won`t lead the central bank to change its rate decisions. "People can be confident tha

10 days ago

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