Federal Reserve holds interest rates steady; Trump vows big cuts if he replaces current Fed chair

Описание: The Federal Reserve decided to hold interest rates steady, keeping its benchmark rate at about 3.6% after three cuts in 2025. The central bank said there are signs the job market has stabilized, while it also noted that growth was "solid," which is an upgrade from December's characterization as "modest."

President Donald Trump, who has continuously criticized Federal Reserve Chair Jerome Powell and floated replacing him when his term ends in May, promised interest rates will significantly drop when he selects a new chair to take the helm. The announcement could come as soon as this week, though it has been delayed before.

Full story: https://fox11online.com/news/nation-w...
#federalreserve #trump #politics #money #economy #interest #interestrates #jeromepowell #donaldtrump
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