22/4/2025, 5:32:02 pm

J Powell isn’t rushing to lower rates, even if Trump is rushing to fire him

President Donald Trump is pressuring Federal Reserve Chair Jerome Powell to lower interest rates, but the Fed, operating independently, prioritizes data-driven decisions. With inflation above the 2% target and a strong job market, Fed officials see no urgency to cut rates. Trump’s policies, including tariffs, add economic uncertainty, raising risks of stagflation.