Fed Set To Keep Rates Steady, Despite Pressure From Trump
Source: SeekingAlpha
2025-05-05 11:45:00 ET
Summary
- President Trump said he wouldn’t fire Federal Reserve Chairman Powell, but the pressure for rate cuts continues.
- The market, however, is still betting that the central bank will stand firm and leave its target rate steady at Wednesday’s policy announcement.
- Although opinions vary widely on Wall Street about policy changes, all eyes will turn to Fed Chairman Powell at Wednesday’s press conference for fresh clues.
President Trump said he wouldn’t fire Federal Reserve Chairman Powell, but the pressure for rate cuts continues. The market, however, is still betting that the central bank will stand firm and leave its target rate steady at Wednesday’s policy announcement....
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Fed Set To Keep Rates Steady, Despite Pressure From Trump
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