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There is a federal reserve Still interest rates haven’t been cut Because economic forecasts predict the meaningful growth of inflation this year, “he chaired during a congressional meeting on Tuesday.
So far, this year, the Fed did not hit the target ratio in the current level of 2023, between 4.25% and 4.5% at the current level.
Decision on the decision on price intersections President Donald Trump Ire. Since the captured office, often demanding Powell low interest rates. On Tuesday, he said he believed Trump’s, interest rates and current levels of Trump’s, interest rates and current levels.
“I hope that Congress is really a very dumb, stiff-headed person,” Trump wrote. “We have been to pay the incompetence for many years.”
During Powell’s testimonies, Powel’s approximately the House Finance Services Committee, members of Congress, mostly Democrats, especially the chairman of the Fed in trade and immigration. Powell, each time the central bank has refused to comment every time the selected officials said to interpret the policy decisions.
Powell reiterated that he wanted to wait for a ratio until the future of the economy is as clear as the future.
“Prices will depend on the path of the economy and this is very uncertain,” said Powell.
Economic uncertainty rose from the viewers Trump’s tariff policythe basis of global markets. Stock exchanges were reserved from a cliff in most cases worthy Global trade will be broken in fears. During this period, Powell regularly focused on the fact that information is strong as inflation and unemployment rate. It gave Powell time to wait before making a decision.
Power remains the main question of any inflation rate that can arise from Trump’s tariff policy “time, quantity and perseverance.” The waiting is that the tariffs will be a one-time spike in prices to be solved by almost a disposable spikes. The fear is that the prices do not happen and prices remain high or even continue to grow.
Despite the tariffs implemented in April, Powel may have to start to hit institutions and consumers until unknown, but unknown. The majority of importers were already collected before tariff policy, but these reserves will be able to buy goods, such as Dvindle.
“I think we did not expect it so far,” said Powell. “Now we begin to think that we are the time to see it. If we do not see it, it’s a difference in this. Thus, we got a cautious approach to not reducing our self more confidence.”
Powell’s waiting and imaging approach has made it several friends in the White House. The President has never deceived traditions by actively participating in a monetary policy for the non-political federal reserve boat in general, in general for political standards. Sometimes Trump fired fire. Once upset the possibility of setting himself as a nourished seat.
Supporters of the cutting proportions believe that it will immediately help the economy and the tariffs will prevent the expected increase after the brakes in business investments. After the latest consumer price index report At the beginning of this month, the prices showed only 0.1%, Vice President JD Vance, participated in Trump to summon Powel.
“The President said this for a while, but even clearer: the money refused to reduce rates from the Fed,” Vance write side X.
An anonymous design of the Fed officials for 2025, was released for the last week, showed the media expectation For the cutting of two ratios by the end of the year.
