Discussion
The #FederalReserve left #InterestRates unchanged with Trump’s new man at the helm. But growing internal pressure to ease #inflation & high #energy costs could not be ignored.
Any other #Fed would have increased the rates.
#Trump #economy #law #Congress #WarPowers #affordability #CostOfLiving #oil #EnergyCrisis
https://apnews.com/article/federal-reserve-inflation-interest-rates-iran-war-ad10c177cb8d96f9e3ed122e12352a74
#Inflation has been stuck above the #CentralBank’s 2% target for >5 years. The #IranWar has generated uncertainty over the #economy’s outlook & has driven #energy prices higher, intensifying inflationary pressure & creating a quandary for #Fed policymakers.…
New #Fed Chair #KevinWarsh has declared that he has “no tolerance” for elevated inflation. He was appointed by #Trump, who has put intense pressure on the Fed to cut rates.
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