Fed Keeps Rates Steady, Trump Pressures Powell
Fort Wayne News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Federal Reserve maintained its interest rates, with a unanimous vote except for Stephen Miran, who advocated for an immediate reduction. Despite Trumps pressure for earlier cuts, the Fed predicts only a slight inflation increase due to the Iran conflict. Powells term ends in May, and Trumps nominee, Kevin Warsh, could potentially replace him.
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