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Via CNN
Trump's Fed Pledges to Keep Policy on Autopilot Amid Rate Cut Demands
The Federal Reserve continues its second Trump era by ignoring President Donald Trump's demand to lower interest rates, doing what it wants to do despite his wishes.
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The Federal Reserve has continued to ignore President Donald Trump's demands to lower interest rates, kickstarting its second Trump era with business as usual. The Fed's actions contradict Trump's wishes and suggest a divergence in policy priorities between the president and the central bank. This move indicates that Trump's influence on the Fed may be limited and that the institution is committed to pursuing its own objectives. The outcome of this power struggle has significant implications for economic policy under a Trump presidency.
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CNN
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