The Fed isn’t expected to cut rates this week, but this FOMC meeting should still be very interesting.
Powell will need to address growing pressure from board members Waller and Bowman, who’ve both called for cuts, citing limited inflation impact from tariffs.
Still, Powell is just one of 12 votes on the FOMC, and there’s little sign of broader support for a cut.
With the labour market steady and early signs of tariff-driven inflation, the Fed has reason to hold. The rate decision is due Wednesday at 2 p.m. ET, followed by Powell’s press conference at 2:30 p.m. ET.
This decision will further widen the rift between the Fed and President Trump, whose frustration has grown in recent weeks, with renewed attacks on Powell’s leadership.
The tension has drawn international attention. On Monday, the IMF issued a warning about political interference in central banks, which can pose a threat to global financial stability.
Powell will need to address growing pressure from board members Waller and Bowman, who’ve both called for cuts, citing limited inflation impact from tariffs.
Still, Powell is just one of 12 votes on the FOMC, and there’s little sign of broader support for a cut.
With the labour market steady and early signs of tariff-driven inflation, the Fed has reason to hold. The rate decision is due Wednesday at 2 p.m. ET, followed by Powell’s press conference at 2:30 p.m. ET.
This decision will further widen the rift between the Fed and President Trump, whose frustration has grown in recent weeks, with renewed attacks on Powell’s leadership.
The tension has drawn international attention. On Monday, the IMF issued a warning about political interference in central banks, which can pose a threat to global financial stability.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.