Powell doesn't bow to Trump pressure; US Fed keeps interest rate unchanged - here's what the FOMC statement said
Wednesday, 30 July 2025 () The Federal Reserve decided to maintain the federal funds rate at 4.25%-4.50%, assessing incoming data and economic outlook. Despite Trump's call for rate reductions following a 3% GDP growth in the second quarter, experts contextualize this data, noting a slower overall growth rate for the first half of 2025. Trump's stance contrasts with traditional economic thinking.
In a dramatic showdown, President Trump demands urgent interest rate cuts to stimulate the struggling economy — but the Federal Reserve stands firm, leaving rates unchanged. This escalating conflict between the White House and the central bank raises fears of economic instability and political...
US to raise tariff rate on EU goods to 30% from 1 August, EU open to talks but ready to respond
The European Commission responded to Trump's announcement in a written statement, saying it remains..
Credit: euronews (in English) Duration: 01:10Published
US Federal Reserve keeps interest rates unchanged as it awaits the impacts of Trump's global tariffs
Trump has slammed the US Federal Reserve Board chief Jerome Powell, calling him “stupid”, as..
Credit: euronews (in English) Duration: 02:00Published
Wednesday, 30 July 2025 ()
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