Federal Reserve, inflation and interest rates
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President Donald Trump cited new inflation data in continuing to pressure Federal Reserve Chair Jerome Powell to lower interest rates, calling him a "numbskull" but adding that he won't seek to remove him.
Trump won't fire Fed Chair Powell, criticizes slow rate cuts, suggests supporting Fed interest rates increase if inflation hits.
Consumers expect lower inflation over the next year than they did a month ago, the New York Federal Reserve found in its latest survey. Over the next 12 months, consumers expect prices to rise 3.2%, down by 0.
I may have to force something” on interest rates, said Trump, upping the pressure on his campaign against Powell.
BENGALURU (Reuters) -The U.S. Federal Reserve will keep interest rates on hold for at least another couple of months, according to most economists polled by Reuters, as risks linger that inflation may resurge due to President Donald Trump's tariff policies.