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Trump Urges Fed Rate Cuts Amid Inflation Concerns

7/31/2025

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Summary

Story summary

President Trump called for the Federal Reserve to lower interest rates in a meeting with Chair Jerome Powell.
Economists forecast a 96% likelihood that rates will remain unchanged.
The Fed has maintained rates between 4.25% and 4.5% since December 2024 due to inflation concerns.
Powell highlighted the importance of monitoring inflation before policy adjustments.
The Fed's next decision is anticipated on July 30, with a possible cut in September.

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Story summary

President Trump called for the Federal Reserve to lower interest rates in a meeting with Chair Jerome Powell.
Economists forecast a 96% likelihood that rates will remain unchanged.
The Fed has maintained rates between 4.25% and 4.5% since December 2024 due to inflation concerns.
Powell highlighted the importance of monitoring inflation before policy adjustments.
The Fed's next decision is anticipated on July 30, with a possible cut in September.