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Fed holds rates steady despite pressure from Trump
Posted on 5/7/25 at 1:03 pm
Posted on 5/7/25 at 1:03 pm
The Federal Reserve’s interest rate setting committee held rates steady Wednesday at a range of 4.25 to 4.5 percent, despite calls from President Trump to lower borrowing costs amid price pressures from his trade war.
Wednesday’s rate hold was the third in a row, following pauses during meetings in March and January after the central bank cut rates three times in the back half of 2024.
Fed officials had also emphasized the sturdiness of the domestic economy and the uncertainty driven by Trump’s tariffs, along with how they complicated plans for future rate cuts.
The pause follows a healthy April employment report from the Labor Department, which saw 177,000 jobs added to the economy, as well as a significant moderation in inflation, falling to a 2.3-percent annual increase in March from 2.7 percent in February. LINK
Wednesday’s rate hold was the third in a row, following pauses during meetings in March and January after the central bank cut rates three times in the back half of 2024.
Fed officials had also emphasized the sturdiness of the domestic economy and the uncertainty driven by Trump’s tariffs, along with how they complicated plans for future rate cuts.
The pause follows a healthy April employment report from the Labor Department, which saw 177,000 jobs added to the economy, as well as a significant moderation in inflation, falling to a 2.3-percent annual increase in March from 2.7 percent in February. LINK
9
Posted on 5/7/25 at 1:03 pm to Jbird
Orange is going to light up Powell.
Posted on 5/7/25 at 1:04 pm to Bunk Moreland
Rates don’t need to be cut right now.
Posted on 5/7/25 at 1:07 pm to Jbird
So instead of do what’s right and cut .25, they want to insert themselves into the policy of what the executive branch is doing. Very independent of them.
Posted on 5/7/25 at 1:07 pm to Jbird
Good they need to be kept here as the minimum floor imo. A man can finally make more than 10 cents a month on money in the bank.
Posted on 5/7/25 at 1:09 pm to Padme
quote:
So instead of do what’s right and cut .25, they want to insert themselves into the policy of what the executive branch is doing. Very independent of them.
They were never going to cut rates with tariffs looming to drive inflation. Anyone who thought it was even a possibility is deluding themselves.
Posted on 5/7/25 at 1:10 pm to Bunk Moreland
quote:
Orange is going to light up Powell.
Wall Street respects and listens to one of those guys.
They other they snicker at
Posted on 5/7/25 at 1:11 pm to Indefatigable
I knew they weren’t, but it has nothing whatsoever to do with inflation and everything thing to do with Powell being Obam’s bitch
Posted on 5/7/25 at 1:11 pm to TrueTiger07
quote:
Rates don’t need to be cut right now.
Well, that's true if you wanta renew your CD at a high rate.
Posted on 5/7/25 at 1:11 pm to Jbird
I'm okay with this. The easy money need to come to an end. Higher interest rates puts more pressure on congress to curtail spending...in theory...lol.
Posted on 5/7/25 at 1:24 pm to bayoudude
quote:
Good they need to be kept here as the minimum floor imo. A man can finally make more than 10 cents a month on money in the bank.
Exactly. I love getting more than 4% on the emergency fund in the bank. I don't give a frick about low rates. We went through almost 2 decades of jack shite bank rates.
Posted on 5/7/25 at 1:33 pm to Tmcgin
quote:
Wall Street respects and listens to one of those guys. They other they snicker at
The village idiot arrives
Posted on 5/7/25 at 1:36 pm to Jbird
quote:
following pauses during meetings in March and January after the central bank cut rates three times in the back half of 2024.
And yet nothing changed in Jan or Mar that should have stopped them from continuing to cut rates like "in the back end of 2024"
Well other than Trump being elected, not much changed.
Pure politics
Posted on 5/7/25 at 1:36 pm to Tmcgin
quote:
quote:
Orange is going to light up Powell.
Wall Street respects and listens to one of those guys.
They other they snicker at
And yet, a few words from Trump can get the Dow to go up nearly 3,000 points like it did a few weeks back.
Posted on 5/7/25 at 1:39 pm to RobbBobb
quote:
Well other than Trump being elected
Yup, Powell juiced it .50 2 months before the election. Had karamello been elected, he probably would’ve already lowered it another 100 basis points
This post was edited on 5/7/25 at 1:46 pm
Posted on 5/7/25 at 1:42 pm to Jbird
Too Late Jerome 
Posted on 5/7/25 at 1:43 pm to Padme
quote:
they want to insert themselves into the policy of what the executive branch is doing. Very independent of them.
Who do they think they are, judges?
Posted on 5/7/25 at 1:44 pm to Padme
quote:
So instead of do what’s right and cut .25, they want to insert themselves into the policy of what the executive branch is doing. Very independent of them.
Posted on 5/7/25 at 1:50 pm to Padme
quote:
Yup, Powell juiced it .50 2 months before the election. Had karamello been elected, he probably would’ve already lowered it another 100 basis points
Spot on. The globalist Powell would have lowered it at least 100 bips in Q1 2025 for Camel Toe's price {gauging} gouging bullshite.
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