Federal Reserve likely to stand pat on rates this week

Description:

The Federal Reserve is expected to keep interest rates unchanged for the fifth straight meeting, highlighting a growing divide between Chair Jerome Powell and President Donald Trump. Trump is pushing for deep rate cuts, arguing they’re needed despite a strong economy, while Fed officials believe higher rates are appropriate to prevent inflation. The Fed has signaled limited cuts this year, while Trump wants rates slashed to 1%. Two Trump-appointed Fed governors may dissent in favor of a rate cut, the first such split since 1993. Inflation has recently ticked up, leading officials to remain cautious. Trump has also attacked Powell over Fed building costs, raising questions about future clashes, ABC News has reported. Most economists expect a rate cut in September, not July. read more: 👍 Like this video to raise awareness about the growing tension between the Fed and political leaders over the future of the U.S. economy. 💬 Comment below—should the Fed resist political pressure when making economic decisions? 🔗 Share this video to help others understand the high-stakes debate over interest rates and inflation. 💰 Want to support the channel? You can donate directly by hitting the YouTube Thanks button. Your support helps us keep providing updates. 👉 Don’t forget to subscribe for more updates. Thanks for watching and supporting the channel. Links for B.C. Visit My Website Follow Me On Facebook / b.c.begley Subscribe To My Patreon / bcbegley Watch Me On YouTube / @b.c.begley6007 Follow Me On Twitter / bc_news1 Watch Me On Rumble Follow Me On Gab Follow Me On Truth Social Follow Me On BlueSky Watch Me On TikTok / bcbegley #FederalReserve #InterestRates #TrumpVsPowell #shorts