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Powell says Fed can wait to reduce interest rates as Trump demands cuts
UNITED STATES, JUN 24 – Fed Chair Jerome Powell stresses inflation control amid tariff-driven price pressures and maintains the federal funds rate steady at 4.25-4.5%, citing economic uncertainty and low unemployment.
- On June 18, 2025, Federal Reserve Chair Jerome Powell held a press conference in Washington, DC, after the FOMC voted to keep interest rates steady.
- Powell and Fed officials decided to hold rates to assess economic data and the impact of President Trump's tariffs on inflation and growth.
- While the economy remains solid and inflation modestly exceeds the 2% target, Powell emphasized the Fed’s duty to anchor inflation expectations and prevent persistent inflation.
- Futures markets show a 23% chance of a rate cut at the July 29-30 meeting, but Powell said policy makers are in no hurry to adjust until more data arrives.
- The Fed’s wait-and-see approach reflects caution amid economic uncertainties, while some Fed officials and President Trump pressure for earlier rate reductions.
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Trump’s withering criticism of Powell puts Fed decisions under microscope - Hawaii Tribune-Herald
President Donald Trump’s relentless attacks on the Federal Reserve and its chair, Jerome Powell, have put the central bank under intense scrutiny as it grapples with when and by how much to cut interest rates again after a long pause.
Money Supply Rose For The Ninth Month In April As The Fed Again Leans Dovish
By Ryan McMaken, Mises Wire | June 23, 2025 Money-supply growth rose year over year in April, marking the ninth month of growth in a row. As of April, the money supply appears to be continuing into a period of solid monetary growth coming out of a period of historically large swings in monetary trends from early 2020 to mid-2024. Although some critics of Jerome Powell and the Fed have claimed that the Fed is implementing excessively tight moneta…
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Total News Sources313
Leaning Left45Leaning Right39Center101Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 24%
C 55%
R 21%
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