Jay Powell decreases in a short period of July to push back calls for the Federal Reserve Rate

Be informed with free updates

Simply register US interest rates Myft Digest – Delivered directly to your box.

Federal Reserve Chair Jay Powell responded to the call for reducing interest rate, saying the “stable” of the US economy and the influence of President Donald Trump’s trade war and other policy changes.

Two members of the Fed’s board – Chris Waller and Michelle Bowman – said in recent days They would be supported Fed’s Fed’s latest rate in the field of Fed, Trump’ın tariffs, who said in voting in July, said that the recent inflation readings will be less effect than fearing.

While Powell On Tuesday, the effects of Trump’s tariffs are expected to be less dramatic than projected in April, “Tariffs are likely to increase in tariffs this year and weighs in economic activity.

Powell with the term Feeding In May 2026, the seat, the federal open market committee was fired on the waiting decision of the Federal Open Market Committee. Trump called him to reduce benchmark debt costs, which is Numbkull and 3 percentage points.

Fed reduced the cost of debt, which was 1 percentage, but most of the officials in FOMC said they wanted to wait and re-reduce the effects of the trade war.

In prepared will, the Fed, the chairman of the US President’s policy was possible “can live short,” the effect of inflation, “instead of inflation effects.”

Meanwhile, the US economy remains “in a solid case, Powell says that Powell’s interest rates can stay where interest rates are now likely to have expected interest rates.

The unemployment rate remains low and the labor market is maximum employment or close, “Powell will inform the House of Representatives shortly after the 10th eastern time.

4.25 to 4.5 percent, the Fed’s benchmark remains in a limiting area of ​​the target range – neutral, nor does not fluctuate.

Feeded officials are increasingly increasing due to the expiration of debt expenses by the end of 2025.

Both Waller and Bowman wanted July to reduce the short term, the seven officials do not think that this year’s interest rates will move.

Ten member support Two or more quarters of a point cutwith a cut with the remaining two support.