New York Post
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Federal Reserve keeps interest rates steady as Jerome Powell warns of higher inflation
Posted
May 7, 2025
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May 7, 2025
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3:15Now PlayingThe Federal Reserve once again left interest rates unchanged despite repeated calls from President Trump for Fed Chair Jerome Powell to slash rates immediately. While briefing reporters on May 7, Powell said that risks of higher inflation and unemployment have increased, and that some data has been impacted by “swings in net exports” — a nod to a shrinking GDP report last week as companies rushed to import goods ahead of Trump’s tariffs.
#jeromepowell #federalreserve #interestrates
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