The Federal Reserve is expected to keep interest rates steady for the fifth time since December despite massive pressure from President Trump on Fed Chair Jerome Powell and a soaring economy.
This comes following Trump’s visit to the Federal Reserve Headquarters in Washington, DC, where he clashed with Jerome Powell on Fed renovation costs and, afterward, told reporters that they had a “very good meeting” and he expects Powell to suggest a rate cut.
“[Powell] said, ‘Congratulations, the country is doing really well,’ and I got that to mean that I think he’s going to start recommending lower rates,” Trump told reporters.
President Trump also…
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