The Federal Reserve has so far resisted Donald Trump’s aggressive pressure campaign to throw inflation concerns out and attempt to boost the U.S. economy with lower interest rates.

That’s expected to continue Wednesday, as the central bank is expected to leave interest rates unchanged. If so, that’s likely to annoy Trump, who is already reshaping the global economy with his tariffs.

The Fed’s rate setting committee began its two-day meeting Tuesday. Market projections and analysts expect it won’t cut its key rate.

  • kikutwo@lemmy.world
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    4 days ago

    Idiot has talked himself out of a cut because now Powell won’t to avoid looking pressured to do so.