Trump presses Fed chair Jerome Powell for rate cuts amid inflation concerns

With inflation risks rising, Trump's call for rate cuts puts pressure on Jerome Powell as the Fed maintains its benchmark rate. Analysts await potential impacts on the economy amidst uncertainty.

Sources:
WSJEconomist
Updated 34m ago
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The Headline

Inflation fears and tariff impacts dominate economic discourse

I would not sack Mr Powell, but did call him a 'total stiff.'
Donald Trump
Economist
The word of the day in the press conference is inflation.
Jeffrey Gundlach
WSJ
Increase in gold futures this year
28%
WSJ
Key Facts
  • Mr. Trump is pressing Jerome Powell of the Fed to cut rates to combat inflation concerns.Economist
  • Tensions around tariffs may impact companies like Crocs, Krispy Kreme, and others slated to report, adding uncertainty.WSJ

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Background Context

Economic backdrop: Inflation worries and steady interest rates

Federal Reserve interest rate range
4.25% - 4.5%
Economist
Key Facts
  • Inflation risks are increasing due to Donald Trump’s tariffs, prompting worries about potential economic stagnation.Economist
  • Federal Reserve held interest rates steady for its third consecutive meeting, keeping the benchmark rate between 4.25% and 4.5%.Economist

Other Facts in these Reports

Concerns over tariffs could affect economic outlook and inflation predictions.
WSJ
Predictions about inflation’s impact on long-term interest rates remain uncertain.
WSJ
Gold market movements reflect broader economic anxieties.
WSJ
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