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Trump Ramps up Attacks on the Federal Reserve but Powell Sticks to ‘Wait and See’ Stance

  • Federal Reserve Chair Jerome Powell is sticking to his policy of keeping interest rates unchanged despite President Trump's repeated calls for rate cuts.
  • Powell said the Fed will wait to see the impact of Trump's tariffs on the economy before making any changes to interest rates.
  • Trump has attacked Powell and other Fed officials, accusing them of hampering economic growth by not lowering interest rates.
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Despite tariff disputes, the US labour market is robust and the unemployment rate is falling. Fed boss Powell is under pressure from President Trump, but interest rate cuts are not expected. Holger Schmieding, Chief Economist, arranges the situation at WELT TV in conversation with Dietmar Deffner.

·Dortmund, Germany
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  • 54% of the sources are Center
54% Center
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tippinsights broke the news in on Monday, June 30, 2025.
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