US Federal Reserve Chair Jerome Powell faces pressure as Americans await rate cut decision
May 7, 2025 #FederalReserve #DonaldTrump #JeromePowell
The US Federal Reserve will announce whether it will lower interest rates later on Wedne
May 7, 2025 #FederalReserve #DonaldTrump #JeromePowell
The US Federal Reserve will announce whether it will lower interest rates later on Wednesday.
Chairman Jerome Powell has been pressured by the president to do just that.
Trump has even threatened to fire Powell - despite the agency being protected under federal law.
Al Jazeera’s Patty Culhane reports.
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