Fed Rates Unchanged: Trump Attacks Powell Again
- The Federal Reserve opted to maintain its benchmark interest rate within the 4.25%-4.50% range.
- Former President Donald Trump, despite widely anticipating the Fed's move, criticized Fed Chairman Jerome Powell.
- In other business news, Nippon Steel finalized its acquisition of U.S.
Teh Federal Reserve held steady on interest rates, a decision that News Directory 3 analyzes amidst shifting economic forecasts. Projections now point toward slower growth coupled with higher inflation and a potential rise in unemployment. Former President Trump wasted no time in criticizing Fed Chairman Jerome Powell, adding another layer of political scrutiny to the economic landscape. Simultaneously, Nippon Steel completed its acquisition of U.S. Steel, an agreement allowing the U.S. government significant influence. The market now eagerly awaits upcoming economic data to assess the Fed’s monetary policy impact and the implications of the steel acquisition. Discover what’s next …
Federal Reserve Holds Rates; Nippon Steel Finalizes US Steel Takeover
Updated June 19, 2025
The Federal Reserve opted to maintain its benchmark interest rate within the 4.25%-4.50% range. This decision comes amid projections of slower economic growth, increased inflation, and a slight uptick in unemployment before year’s end.
Former President Donald Trump, despite widely anticipating the Fed’s move, criticized Fed Chairman Jerome Powell.
In other business news, Nippon Steel finalized its acquisition of U.S. Steel. the agreement includes provisions granting the U.S. government notable influence over key business decisions.
What’s next
Analysts will be closely watching upcoming economic data to gauge the effectiveness of the Fed’s monetary policy and the impact of the U.S. Steel acquisition on the domestic steel industry.