US Fed Meeting: The US Federal reserved by Jerome Powell unchanged; Donald defines Trump’s call for cut
US Fed Meeting: The US Federal Reserve led by Chairing Jerome Powell placed unchanged interest rates at its monetary policy meeting on Wednesday, which led to a call to cut the rate of President Donald Trump.“In support of its goals, the committee decided to retain the target limit for Federal Funds Rate from 4-1/4-1/2 percent. Considering the limit of additional adjustment for the target limit for the rate of federal funds, considering the limit and time of additional adjustment for the target limit, the committee will assess carefully upcoming data, developed outlook and balance. The committee is firmly committed to supporting maximum employment and returning inflation to its 2 percent purpose, ”is written in the US Federal Reserve statement.The US Central Bank has kept its major interest rate stable in the current year, which is between 4.25 percent and 4.50 percent. Market supervisors widely estimated that the Fed officials would maintain their current position until the inflation shows frequent indications of moderation.
US Fed Meeting: Top Highlights and Tech A
- The policy statement stated that recent economic indicators indicate a strong growth in economic activities, despite the ups and downs in net exports affecting data, the policy statement has been stated in the policy statement.
- Labor market stability persists with low unemployment rate and stable employment status. The value of the value continues to show moderate height, it said.
- While economic uncertainty has decreased, it is still high. The committee maintains vigilance about the risk of both aspects of its double mandate.
- The committee continues to evaluate the implications of data coming for economic possibilities, determining the appropriate monetary policy attitude. The surface of any risk that can obstruct the objectives of the committee is ready to modify the monetary policy accordingly. The statement stated that the evaluation includes various factors along with labor market status, inflation metrics and expectations, financial and global economic trends.
US Fed Chair dismisses Donald Trump
During the second day of the Federal Reserve meetings, Trump intensified his demands for cuts in interest rate, directing criticism in Powell, president of the Federal Reserve, dismissing the concerns of inflation.While making these comments a few hours before the Scheduled Declaration of the Federal Reserve, Trump commented about Powell, “We have a stupid person, clearly, he will probably not be cut even today.”Speaking at the White House, he said, “We have no inflation, we only have success, and I want to see that interest rates decreased.” “Maybe I should go to the fed. Is I allowed to appoint myself?”Inflation has shown a below trend since January, and economic experts indicate that without high import duties, the Federal Reserve will implement the decrease in the front rate.The Trump administration has intensified Powell’s criticism about the costs of lending, Trump directly referred to the Fed Chair as “Sunnaskul”, which does not implement the cut. Officers of Additional Administration, including Vice President JD Vance and Commerce Secretary Howard Lutnik, have joined advocating the reduction in rate.Economists express concern when the pressure on the fed is pressurized to reduce rates only to reduce government interest payment, as it can compromise Fed’s responsibility to maintain price stability and maximum employment.Trump has expressed dissatisfaction that the fed maintains rates, while other global central banks have reduced the cost of borrowing those in Europe, Canada and UK. On Tuesday, the Bank of Japan maintained its short -term rate 0.5%after a recent increase.The European Central Bank, Bank of Canada and Bank of England have implemented a decrease in rate this year due to tariffs affecting American tariffs. Meanwhile, the US economy remains primarily strong, with low unemployment levels.
