US Federal Reserve’s Powell may defy Trump’s pressure and hold interest rates steady

Quick Summary:

With their eye on inflation, officials are inclined to hold rates steady when they meet in Washington, defying Trump’s pressure to cut interest rates.

Add to that the solid April payroll print and there’s little pressure for a near-term cut.

Things are getting awkward for the Federal Reserve.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong Kong

Topics: Powell Price April Central Things Federal Getting President Market Awkward Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-04 @ 18:46:02 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 242 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 28357520

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Official Website: scmp.com

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News Last Updated: 12 hours ago

Coverage Areas: Hong Kong

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