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Powell says Fed can wait to reduce interest rates as Trump demands cuts
- 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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313 Articles
313 Articles
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Left
43
Center
101
Right
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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…
Coverage Details
Total News Sources313
Leaning Left43Leaning Right39Center101Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 23%
C 55%
R 21%
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