Fed Holds Interest Rates Steady—Warns Iran War May Have ‘Uncertain' Economic Impact
President Donald Trump has pressured the Fed and Fed Chair Jerome Powell to cut interest rates more quickly, writing on Truth Social on Wednesday: “When is ‘Too Late' Powell lowering INTEREST RATES?” After the Fed voted to hold interest rates in January, Trump said the U.S. should be paying the “LOWEST INTEREST RATE OF ANY COUNTRY IN THE WORLD” because of the “vast amounts of money flowing into” the U.S. because of his tariffs.
