Powell resists Trump pressure: Fed chair tells House panel ‘we are well positioned to wait’, says more economic clarity needed
Tuesday, 24 June 2025 () Federal Reserve Chair Jerome Powell indicated the central bank's intent to hold steady on interest rates, prioritizing further economic data analysis before contemplating any reductions. This stance directly contradicts President Trump's renewed calls for immediate rate cuts. Powell is set to face potentially challenging hearings on Capitol Hill, addressing monetary policy and economic concerns amid increasing political pressure.
US Federal Reserve keeps interest rates unchanged as it awaits the impacts of Trump's global tariffs
Trump has slammed the US Federal Reserve Board chief Jerome Powell, calling him “stupid”, as..
Credit: euronews (in English) Duration: 02:00Published
During a heated House hearing, Rep. Madeleine Dean confronted Commerce Secretary Howard Lutnick over the ripple effects of President Trump’s tariff plan. Dean spotlighted rising banana prices at..
Tuesday, 24 June 2025 ()
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