Fed set to keep rates steady as Trump threatens bank's independence
Fed set to keep rates steady as Trump threatens bank's independence
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The Federal Reserve is expected to keep interest rates unchanged at about 3.6% during this week's meeting, amidst political scrutiny and a criminal investigation involving Fed Chair Jerome Powell. Despite pressure from President Trump for sharper rate cuts, Powell emphasizes that decisions are based on economic factors. The Fed's previous rate cuts aimed to support the economy, which shows signs of stabilization, while inflation remains elevated. Powell's term as chair is set to expire in May, with potential successors already speculated.
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