Furthermore,
Fed maintains its unchanged rates,:
Two republican members of the Federal Reserve played the dissent card. Meanwhile, In a context of strong pressure from Trump advertising on the president of the Fed, Jerome Powell.
The news is not enlightening, but its context deserves attention. Furthermore, The American Federal Reserve (Fed) maintained its unchanged rates on Wednesday, at 4.25 and 4.5%.
But two governors of his council voted against the maintenance. Nevertheless, Since 1993. Furthermore, this situation had never occurred: never more than one of the members of the decision -making body (seven) has been against the Fed’s advice for 32 years.
The two recalcitrants are Michelle Bowman and Christopher Waller. Moreover, Both Republicans, the two officials would have liked to lower the rates of the federal reserve. Therefore, They were both appointed by Donald Trump in 2020. They warned: Christopher Waller had mentioned a degraded macroeconomic context two weeks ago.
“I fed maintains its unchanged rates, find that qualitative and quantitative data on economic activity and the labor market are consistent. The economy continues to grow. But timing has slowed down significantly,” he said.
As for Michelle Bowman. renewed at the head of banking supervision recently, she argued that limited inflation could lead to a drop in rate.
“If the inflationary pressures remain contained. I would support a drop in the key rate from our next meeting in order to bring it closer to its neutral level and maintain a healthy labor market,” she pleaded at the end of June.
Donald Trump puts pressure – Fed maintains its unchanged rates,
Relatively rare media pressures. which join Donald Trump’s strategy: he puts pressure on the Fed and its president, the moderate and opponent of Trump Jerome Powell, to lower the rates, which are for example twice as high in Europe.
The president seeks to activate American growth: low rates promote credit, in particular, and allow the fed maintains its unchanged rates, economy to be reappeared. This can conversely lead to stronger inflation.
However. the American economy, according to the latest figures published today by the Commerce Department, is already doing very well: its GDP has grown in the last quarter, at 3% in annual rate (0.7% over 3 months). 104,000 positions have also been created, a solid figure. In the first quarter of 2025, the GDP had contracted 0.5%, but the machine has since been binding.
Donald Trump took the opportunity to enter Jerome Powell on his Truth Social network:
“Sir” too late “must lower. the rates. There is no inflation! Let people buy, and refinance their homes!” Said the president.
However, inflation remains high: it increased this quarter in the United States, 2.7% in annualized pace. Conversely, it has stagnated in Europe, around 2% for several months.
Further reading: Wreckage found after plane carrying 49 people goes down in Russian far east – TV program: Intervilles, Invasion … What to watch on TV tonight? – Jessica Pegula gives her honest opinion on Eugenie Bouchard’s decision to retire from tennis at the age of 31 – Did a French lawyer from Benjamin Netanyahu escape an assassination attempt? – Children to be taught anti-misogyny in sex education classes.
