After much anticipation, the Federal Reserve announced Wednesday that it will keep interest rates unchanged, maintaining its cautious approach amid ongoing economic uncertainty. However, the headlines were dominated not just by the policy decision but by President Donald Trump’s sharp criticism of Federal Reserve Chair Jerome Powell.
Speaking just hours before the Federal’s statement, Trump called Powell “stupid,” escalating a long-running feud despite having appointed Powell in 2017.
“It doesn’t feel great for officials to talk about other ones like that or name-call in that way,” shared concerned citizen Gwen Milder. “It doesn’t feel productive or helpful with all the challenges that we face.”
Some expressed doubt about the central bank’s decision because it could impact the nation’s financial stability. Others focused more on the tension between the president and Powell, calling it a distraction from real economic issues.
The Federal left the door open to a possible rate cut later this year. Officials say they’re closely monitoring economic indicators, including the potential ripple effects of Trump’s proposed tariffs. For now, interest rates remain steady, but the political and economic landscape could shift dramatically in the months to come.
