News
Trump Wants a 3-Point Fed Rate Decrease. But You Can't Always Get What You Want.
The right to freedom of speech allows Trump to make demands of the Fed to his heart's content. But legally, he cannot compel the central bank to lower its benchmark interest rate. The Fed has the right to act independently, and its aim is to promote a healthy and stable economy by keeping inflation in check.
The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.
U.S. President Donald Trump on Wednesday called on the Federal Reserve to lower the federal benchmark interest rate by at ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback