‘Much bigger than he had in mind’: Donald Trump pressures Fed Chair Jerome Powell for rate cut, warns house prices will soar
Donald Trump urged the Federal Reserve for a substantial interest rate cut ahead of its policy meeting, anticipating a boost to the housing market. The Fed is expected to lower rates by 25 basis points amidst concerns about a softening labor market. Policymakers are balancing inflation and employment, while also navigating political pressures with a potential new Fed governor.🕒 1 min read
Donald Trump urged the Federal Reserve for a substantial interest rate cut ahead of its policy meeting, anticipating a boost to the housing market. The Fed is expected to lower rates by 25 basis points amidst concerns about a softening labor market. Policymakers are balancing inflation and employment, while also navigating political pressures with a potential new Fed governor.
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