Powell Stands Firm on Interest Rates Amid Trump Criticism
TL;DR Summary
Federal Reserve Chair Jerome Powell defended the decision to hold interest rates steady despite President Trump's calls for rate cuts and personal attacks, emphasizing the importance of assessing tariffs' impact on inflation and economic growth before making policy changes.
- Federal Reserve chair defends holding interest rates after fresh Trump attacks The Guardian
- Powell says Fed rate cut is on hold even as Trump demands cuts AP News
- Powell emphasizes Fed's obligation to prevent 'ongoing inflation problem' despite Trump criticism CNBC
- Powell Reaffirms Wait-and-See Posture on Rate Cuts WSJ
- Federal Reserve Chair Jerome Powell testifies amid Trump attacks over interest rates NBC News
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