Federal Reserve interest rates were stable on Wednesday, during the days after President Donald Trump citation to lower them at the central bank.
The advertisements put the central bank with Trump in a potential course of collision, although independence has long been powered by political interference.
When talking at Washington, the DC press conference, Jerome Powell refused by Trump, commenting on the call to “inappropriate”.
“The public must be sure that we will always continue to be our work,” Powell said that Fed will continue to use our tools to achieve our goals. “
Powell said that Trump has no “relationship”, with the lower interest rates last week.
The decision to maintain current interest rates pauses three consecutive interest rates cut The FEDs established in the last months of 2024.
The Federal Federal Federation Committee (FOMC), the Fed Policy said on Wednesday, because the central bank is concerned about unemployment and the potential of the potential between the rise of inflation. Inflation is a rate of moderate height, and unemployment remains historically low, the FOMC added.
Taken together, two considerations – employment and inflation – make up the “Dual debate”.
“The Commission judges that the risks of employment and inflation goals are balanced,” Fomck said. “Economic approach is questionable, and the Commission is attentive to the risks for both sides of his double authority.”
Fed lasted last month that the interest rate would cut it at a slower rhythm rather than planned, but pointing to a heater inflation. Planned shares price predictions, but market losses have recovered widely.
Inflation has reduced significantly from the summit of more than 9% in June 2022.
Trump in a virtual address on Davos, Switzerland, Switzerland, World Economic Forum at the request Decline in interest rates, after calling the OPEC name known as OPEC called OPEC, including Saudi Arabia.
The view of low oil prices will allow food to mark the fight against inflation and reducing interest rates, Trump said.
“Saudi Arabia and Opec will ask me to lower the cost of oil,” Trump said, adding later: “Oil prices will fall, interest rates will be downloaded immediately.”
The US is not OPEC, nor the President in the decisions of the oil that sells their Member States.
The past vice presents affect Fed’s interest rate policy, including Trump, repeatedly talked to his first terms for low interest rates.
Federal Reserve President Jerome Powell talks at the press conference after the end of the two-day Bank policy meeting of Washington on 18 December 2024.
Kevin Lamarque / Reuters
In August, the Trump campaign trail celurbill A US president should have a role to implement interest rates.
Fed chair Jerome Powell enter A defiant tone in November, asking if Trump would refuse his position with the question.
“No,” said Powell in Washington, journalists assembled at a press conference in DC.
When Trump asked him to fire or not, Powell stated: “It is not accepted according to the law.”
Fed fought back in the fight against inflation in recent months, lowering interest rates through a percentage point. However, the Fed’s interest rate is historically remaining at a high level between 4.25% and 4.5%.
Powell said the central bank can have a slower rhythm with cutting future rates because it has a large amount of interest rates.
Powell also said that the most recent refusing inflation affected Fed, he has warned that some policies were considered so unable to change potential policy policies.
“It’s a common sense to think when the path is sure, you get a little slower,” Powell said. “It’s not about driving on a foggy night or walking in a dark room full of furniture.”
