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Trump's Fed Chair Decision Looms Amid Inflation Concerns

6/28/2025

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Summary

Story summary

President Trump may announce a new Federal Reserve Chair this fall, amid pressure on Jerome Powell.
Economic experts expect Powell to uphold the Fed's independence despite political influences.
Fed officials suggest immediate interest rate cuts are unlikely, despite easing inflation signals.
Core PCE inflation recently rose to 2.7%, reducing the likelihood of a July rate cut.
Markets are cautious, prioritizing the Fed's commitment to controlling inflation amid political pressures.

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Story summary

President Trump may announce a new Federal Reserve Chair this fall, amid pressure on Jerome Powell.
Economic experts expect Powell to uphold the Fed's independence despite political influences.
Fed officials suggest immediate interest rate cuts are unlikely, despite easing inflation signals.
Core PCE inflation recently rose to 2.7%, reducing the likelihood of a July rate cut.
Markets are cautious, prioritizing the Fed's commitment to controlling inflation amid political pressures.