The Federal Reserve has cut the interest rate by 0.25 percentage points, reaching 3.50%-3.75%. Donald Trump remains dissatisfied: "We should have the lowest interest rates in the world."
Raluca Ioana Draghici
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The Federal Reserve of the United States has decided to reduce the interest rate by 0.25 percentage points, reaching a range of 3.50%-3.75%, the lowest level in the last three years. This is the third reduction this year, but there is no consensus among Fed officials regarding the future direction of monetary policy. Fed Chairman Jerome Powell emphasized the difficulty of simultaneously managing a declining labor market and rising prices. Donald Trump, dissatisfied with the decision, stated that interest rates should be significantly lower. Although Fed projections suggest a single rate cut next year, inflation remains above the 2% target, and the unemployment rate has risen to 4.4%. The rate cut aims to stimulate the labor market, but inflation fueled by tariffs remains a major concern.
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