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Fox Business Larry Kudlow host dispenses Federal Reserve President Jerome Powell, the latest “Kudlow” rate decision.
President Donald Trump On Friday he asked the President of the Federal Reserve, Jerome Powell, to reduce interest rates.
“This would be a perfect time for Fed President Jerome Powell to reduce interest rates,” Trump said in a real social place. “It’s always late,” but now he could change his picture and quickly. Energy prices are diminishing, interest rates are diminishing, inflation is down, even eggs are 69%, and jobs have increased, in two months, a great victory for America. They cut interest rates, Jerome and stop playing politics! “”
Powell said at a press conference in March, when the Fed kept constant rates For its second consecutive meeting, the Central Bank is in no hurry to reduce interest rates and will try to evaluate the impact of the Trump Administration’s rates on inflation.
The Federal Committee of the Open Market (FOMC), which guides the movements of the monetary policy of the Central Bank, indicated in its announcement of March 19 that “(one) NCTAINTY Around the economic perspective has increased” and added that it focuses on the risks on both parts of its double term to promote the maximum occupation and maintain inflation by 2% during the long run.
In addition to announcing his decision on interest rates, the FOMC published a summary of Economic projections This showed that the Central Bank policymakers provide for two interest rate cuts this year, followed by two cuts of this size by 2026 and one in 2027.
President Donald Trump, on the left, points to the end of the ceremony after announcing Jerome Powell as a candidate for the President of the Federal Reserve in the Roses Garden of the Washington White House, DC, on November 2, 2017. (Saul Loeb / Afp through Getty Images / Getty Images)
Fed -favored inflation gauge showed that basic prices were more marked in February
Political officials projected slower economic growth and greater unemployment by 2025 than in their last screenings published in December.
It is seen that the actual gross domestic product (GDP) grows by 1.7% by the end of 2025, dropped off of an estimate of 2.1%, while the unemployment rate was expected to be 4.4% in December, up to 4.3% in the last screenings.
The President of the Federal Reserve, Jerome Powell, speaks during a press conference after a meeting of the Federal Open Market Committee in Washington, DC, on September 20, 2023. (Alex Wong / Getty Images / Getty Images)
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It Market expectation It is that the Fed will leave the rates unaltered for the third time in a row when it meets in early May. Currently, the reference federal fund rate is currently between 4.25% and 4.5%.
Trump’s publication comes ahead Powell’s speech On Friday in the Society to advance in the Conference of Editing and Writing Business.
