Jerome Powell, Fed and Trump
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12hon MSN
The U.S. Federal Reserve's independence is under threat from mounting political interference, according to a clear majority of economists polled by Reuters, although no one expects a July interest rate cut despite a recent divergence in views among policymakers.
With the Fed's Open Market Committee meeting next week, the CME Group's FedWatch Tool is projecting the Fed will continue to hold the Federal Funds Rate in a target range of 4.25-4.50% until its 17 September (2025-Q3) meeting, when it is expected to cut the rate by a quarter percent.
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Free Malaysia Today on MSNBessent claims Fed forecasts ‘politically biased’The US treasury chief highlights the economic projections summary, which does not identify the policymaker behind each forecast.
With the possibility of Fed rate cuts looming, now is the time to make smart moves with your cash—earning great returns while they're still available.
Trump is fed up with Powell, but experts say Americans seeking cheaper interest rates and lower prices shouldn’t be rooting for the Fed chair to be forced into an early exit.
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CNET on MSNKey Rates Move Higher for Homebuyers: Current Mortgage Interest Rates on July 23, 2025Mortgage rates climbed higher over the last week. Here's what to expect if you're in the market for a home loan.
On July 22nd, Jerome Powell, the Fed chair, responded to questions on Trump tariffs, calling it 'uncertain,' noting that possible developments could significantly alter many aspects of the upcoming economic outlook. He reiterated that interest rate decisions are highly data dependent.
Federal Reserve Chair Jerome Powell is facing pressure from all sides as the Fed’s banking regulation conference kicks off this week. President Trump has been threatening to fire Powell while