Trump Calls Fed Chair Powell
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Trump's own tariffs are the main reason the Federal Reserve can't lower interest rates. Somebody should tell him.
Unfortunately, market participants remain downbeat about interest rate cut chances despite President Trump's multiple escalating demands directed at Federal Reserve Chairman Jerome Powell. The May jobs data from the Labor Department were slightly higher than expected but down from April.
The president has repeatedly berated Powell for not cutting rates as he desires. The two men met face-to-face for the first time last week.
Lower inflation than expected in May could encourage officials at the Federal Reserve to lower interest rates sooner than financial markets previously expected.
U.S. President Donald Trump on Wednesday redoubled his calls for Federal Reserve Chair Jerome Powell to lower interest rates, noting that payroll processing firm ADP reported that job creation slowed in May.
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Federal Reserve to hold rates steady through at least SeptemberThe Fed is staying put on interest rates and won’t be making any cuts until at least September, based on new data from a June 5–10 Reuters survey of 105 economists.
Despite concerns over a potential recession and pressure from the White House, the Fed won't lower interest rates this summer.
Mortgage rates edged down on Thursday, closely mirroring the downward path of 10-year Treasury yields driven by weaker than expected private-sector hiring numbers.
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