Fed Chair Jerome Powell says rate cut is on hold even as Trump demands cuts

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Fed Chair Jerome Powell says rate cut is on hold even as Trump demands cuts

chicagotribune.com/2025/06/24/powell-fed-rate-cut

WASHINGTON — The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said Tuesday, a stance directly at odds with President Donald Trump’s calls for immediate cuts.
“For the time being, we are…

This story appeared on chicagotribune.com, 2025-06-24 22:18:01.