Fed Chairman Jerome Powell Stands Firm Against Trump's Pressure, Defends Decision to Pause Interest Rates

2025-01-30 11:09:46

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Washington, DC - Federal Reserve Chairman Jerome Powell spoke to the media at the Federal Open Market Committee (FOMC) meeting, reaffirming the central bank’s decision to maintain the current interest rate for the second consecutive month, despite increasing pressure from former President Donald Trump. The Fed’s stance reflects confidence in the strength of the US economy, even as Trump has publicly called for interest rate cuts. However, Powell remains firm,

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