Trump Demands Fed Rate Cut
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Federal Reserve Chair Jerome PowellCBS News
•Business
Business & Economics
The Federal Reserve should resist pressure from Trump and defend its independence, experts say

86% Informative
The Federal Reserve widely expected to keep itswhen it announces its latest interest rate decision today at 2 p.m. Eastern Time .
Economists aren't penciling in a 2025 reduction until at least May, according to economists polled by financial data service FactSet .
The Fed 's independence allows it to pursue its dual mandate — to keep inflation low and the labor market at full employment.
Interfering with the Fed could have consequences, both legally and for the stock market, experts say.
"This level of unprecedented interference in the Federal Reserve would be anything but stable," says watchdog Tim Stretton .
Columbia Business School's House said, "Stop talking".
VR Score
91
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93
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