The Federal Reserve does not cut interest rates, Trump lashes out

Wallstreetcn
2025.01.30 04:34
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Cornell University professor Eswar Prasad stated that if U.S. inflation remains above target levels and Trump continues to pressure for interest rate cuts, the Federal Reserve will face a "very challenging" situation in the coming months. However, Powell refused to respond to Trump's calls for rate cuts, emphasizing that there is no connection between the Federal Reserve and the White House