WASHINGTON, Jan 26 — The US Federal Reserve is expected to announce a pause in rate cuts on Wednesday, as policymakers look to continue tackling inflation under close and vocal...
Stock market activity in the US reflects broader economic concerns as the Federal Reserve prepares to announce its next move on interest rates. — AFP picas a first-time user . Exclusively for Malay Mail readers: Use codeWASHINGTON, Jan 26 — The US Federal Reserve is expected to announce a pause in rate cuts on Wednesday, as policymakers look to continue tackling inflation under close and vocal scrutiny from President Donald Trump .
The Fed’s challenge this week is how to pause and communicate a data-dependent approach to future cuts without drawing the ire of the commander-in-chief, who has expressed his desire for rates to come down. “Next week should be a boring start to a tumultuous year for the Fed,” JP Morgan chief US economist Michael Feroli wrote in a note to clients published Friday.Trump has frequently criticized the Fed, which has a dual mandate from Congress to act independently to tackle inflation and unemployment. After returning to office on Monday, he renewed his attacks on the US central bank.
Trump’s public criticism of the Fed and Powell – whom he first nominated to run the US central bank – is unusual, and runs counter to the policy pursued by most recent presidents of avoiding public criticism of the institution and its policymakers while in office. Since returning to office on Monday, President Trump has revived his threats to impose tariffs on US trading partners including Mexico, Canada and China, and to deport millions of workers. He has also said he wants to extend expiring tax cuts, and cut red tape on energy production.
US Federal Reserve First Rate Cuts Us Inflation Economy
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