WATCH LIVE: Jerome Powell hosts interest rate press conference
This webpage from the washington Examiner features a live press conference hosted by Federal Reserve Chairman Jerome Powell regarding the first interest rate cut of the year.The Federal Reserve is expected to reduce the benchmark interest rate from 4.25%-4.50% by a quarter percentage point. The conference is scheduled for 2:30 p.m. following the rate announcement at 2 p.m. the article highlights the ongoing tension between Powell and former President Donald Trump, who repeatedly pressured the Fed to lower rates sooner. The timing of the interest rate cut is a critical issue, balancing the risks of triggering inflation if lowered too early or causing a recession if delayed. The page also includes related news stories and a video embed of Powell’s press conference.
WATCH LIVE: Jerome Powell hosts interest rate press conference
Federal Reserve Chairman Jerome Powell is hosting a press conference at 2:30 p.m. on Wednesday, during which he is expected to publicly address the first interest rate cuts of the year.
The Fed’s interest recommendation currently sits between 4.25% and 4.50%, and the central bank is anticipated to announce a quarter-percentage-point cut at 2 p.m. on Wednesday.
FED POISED TO CUT INTEREST RATES FOR FIRST TIME UNDER TRUMP
For the past several months, Powell has been a political foe of President Donald Trump over his refusal to lower interest rates after Trump has consistently urged the Fed to do so. Trump has nicknamed the Fed chairman “Jerome ‘too late’ Powell” over the feud.
The debate over when to cut interest rates largely rests on the idea that cutting the rates too early could lead to high inflation, but cutting the rates too late could lead to a recession.
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