US Federal Reserve Chairman Jerome Powell remains steadfast against President Trump's calls for interest rate cuts. Despite Trump's criticism and attempts to sway policy, the Fed is likely to maintain current rates, responding to positive job reports and manageable inflation.
This independence highlights the central bank's commitment to economic stability, even amidst external pressures from the White House and fluctuating market sentiments. Powell's approach underscores the importance of consistent monetary policy, as trade negotiations continue to create uncertainty.
Trump's recent comments indicate a slight retreat from his earlier stance, allowing Powell to fulfill his term while navigating complex economic factors.
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