Economic Context and Trump's Demands
urged the to cut interest rates by a full percentage point, criticizing Chair for keeping rates high despite what he claims is a booming economy.
Trump's call for a rate cut follows the 's decision to reduce rates, contrasting the U.S. approach and aiming to stimulate further economic growth.
Federal Reserve's Position and Economic Indicators
The Fed, targeting 2% inflation, is expected to maintain the benchmark rate unchanged in its upcoming meeting, focusing on long-term economic stability over immediate rate cuts.
Despite Trump's pressure, recent U.S. economic data shows moderate job growth and a stable unemployment rate, factors the Fed considers before adjusting rates.