Powell won’t cut interest rates on Wednesday, Wharton’s Jeremy Siegel says. He suspects attacks on the Fed chair will escalate

fortune.com/2025/05/05/powell-wont-cut-interest-rates-trump-attacks-escalate

Very few people expect an interest-rate cut on Wednesday because of tariffs, but President Donald Trump has repeatedly called for lower interest rates. The president also may ramp up his criticism of the Federal Reserve chair Jerome Powell, when he doesn’t get what he wants, predicts…

This story appeared on fortune.com, 2025-05-05 16:44:05.
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