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Trump Calls On Fed To Slash Rates
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Federal Reserve policymakers are leaving interest rates where they are while they try to assess how U.S. President Donald Trump's sweeping tariffs and ongoing trade negotiations will affect prices and the economy.
Treasury yields climbed on Wednesday — sending the two-year note’s to the highest level since March — as traders further pared wagers on more than one Federal Reserve interest-rate cut by year-end.
Federal Reserve Chair Jerome Powell says it is still appropriate to keep monetary policy on hold, given uncertainty about the economic outlook.
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President Trump repeated his call for the Federal Reserve to cut interest rates after April's inflation report was cooler than expected.
Markets on Monday have been celebrating a rapprochement in U.S.-China tariffs. But trade policy is likely to stay top of mind for central bankers as they navigate [how to set interest rates](
Jerome Powell said the Federal Reserve can wait to see which effect from Trump's tariffs is worse - high inflation or a weak economy.
Wall Street bounced between small gains and losses as markets await retail sector data and hints from the Fed.
Former Fed president Bill Dudley warned that the central bank risks mistiming interest rate cuts if the economy stumbles into a recession.