Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
(Bloomberg) — US President Donald Trump stated the Federal Reserve was proper to pause its rate-cutting path in its determination final week, a break from his penchant for calling for decrease charges.
Most Learn from Bloomberg
“I’m not stunned,” Trump advised reporters upon arriving in Washington on Sunday night. “Holding the charges at this level was the precise factor to do.”
In a call introduced final week, the Federal Open Market Committee unanimously held the federal funds price in a spread of 4.25%-4.5%, pausing its price minimize path as inflation fears simmer and Trump measures — together with his barrage of recent tariffs and deportation sweeps — threatened to reignite worth development.
Trump has often known as on the central financial institution to chop charges, together with in a speech to the World Financial Discussion board in Davos every week earlier than the choice. He has mused beforehand about adjustments to the Fed, together with whether or not the US president ought to have a say in price selections.
–With help from Josh Wingrove.
Most Learn from Bloomberg Businessweek
©2025 Bloomberg L.P.
