AssetID: 54953355
Headline: UNCAPTIONED: Fed Holds Rates, Snubs Trump's Pressure for Immediate Cuts
Caption: Fed Holds Rates, Snubs Trump's Pressure for Immediate Cuts. The U.S. Federal Reserve has decided to keep interest rates unchanged, defying President Trump's repeated calls for aggressive rate cuts. Fed Chair Jerome Powell emphasized that inflation remains too high, and the central bank needs more data before making a move. While markets had been betting on a rate cut in September, Powell's cautious tone dropped those odds to below 50%. He stressed that it's still "early days" in assessing the impact of Trump's tariffs and policy changes. The Fed now expects inflation to hit 3% this year—well above target. With key inflation and jobs reports due this week, all eyes are on whether the Fed will act before year-end. Trump, who's mocked Powell as "Too Late," may have to wait a little longer. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current affairs & Politics,Federal Reserve,interest rates,Jerome Powell,inflation,rate cut delay,Trump pressure,September rate cut odds,U.S. economy,3% inflation forecast,Trump tariffs,Fed policy,jobs report,inflation data,year-end decision,Powell “Too Late” comment
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