Trump presses Fed’s Jerome Powell to cut interest rates
Federal Reserve Chairman Jerome Powell explains how policy makers will determine whether the definitions contribute to what is already an amplified.
The Federal Reserve left interest rates unchanged in his meeting in March, shortly after president Donald Trump’s knowledge of a different strategy.
“The Federal Reserve will be much better in putting cut rates when Ustarifs begins to move (easy!) On their way to the economy. Do the right thing. April 2 is the liberation day in America !!!” Posted on Social Truth.
The Federal Reserve raised inflation forecasts in the total projections with the Personal Consumption Expenditure Index (PCE) and the preferred inflation scale of politics, to 2.7 % for this year – higher than 2.5 % estimate issued late last year.
Larry Kudlo: Federal Reserve Chairman Jay Powell gets it properly, once in a row
Inflation, according to the consumer price index, increased by 2.8 % in February, higher than the Fed Bank’s delegation by 2 %. In addition, food prices are much higher, with eggs increasing by 58.8 % and an increase of 7.8 %, on an annual basis.
Federal Reserve rates have not changed, updates on price reduction plan
Powell was asked, during his press conference on Wednesday, whether the definitions were inflation.
“It will be very difficult to make an accurate assessment of the amount of inflation that comes from the definitions and others,” he said. “The enlargement of goods increased significantly in the first two months of the year, in an attempt to track that return to the increases in the actual tariff, given what the tariff and what was not. [is] A very severe challenge. ”
However, Powell suggested that any inflation can be “transient”.
He added: “As I mentioned, it may be appropriate at times to look through inflation if it will disappear quickly without a procedure by us, and if it is transient, and this may be the case in the case of customs tariffs.”
Early April is when more customs tariffs are detected. Treasury Secretary Scott Bessent said it will not be one size that suits everyone.
“Each country will receive a number that we think is their definitions. So, for some countries,” said during the emergence of “Sabah with Maria” for some countries.
Treasury Secretary Scott Beesint discusses the promotions of Hunter Biden Irs Whistleblowers to leadership roles in the department, the tariff strategy, recession concerns, and more during “Morning with Maria Al -Hosary”.
For the second meeting in a row, the central bank left the standard federal funds between 4.25 % and 4.5 % and indicated that price cuts this year.
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The last three discounts in a row in 2024 were 50 Basis in September and a pair of discounts of 25-Basis in November and December.
Eric Rafeel in Fox Business contributed to this report.
2025-03-20 21:27:00
