Fed Chair Jerome Powell under pressure from Donald Trump; can the President fire him as interest rates hold steady at 4.25%-4.5%?
- Posted on February 5, 2025
- By Business News Today
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Fed Chair Jerome Powell under pressure from Donald Trump; can the President fire him as interest rates hold steady at 4.25%-4.5%?
The Federal Reserve kept interest rates steady at 4.25% to 4.5%, despite US president Trump's call for deeper cuts. Trump has consistently criticized the Fed for not being aggressive enough in rate cuts. The Fed's decision is based on cooling inflation and a stable job market.
