Happening Now: Powell Speaks On Interest Rates Amid Fallout From Trump Tariffs
May 7, 2025
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47:55Now PlayingHappening Now: Powell Speaks On Interest Rates Amid Fallout From Trump Tariffs
YouTube Description
as posted by the channelFederal Reserve Chair Jerome Powell is slated to give remarks Tuesday afternoon after the latest announcement on interest rates, as the U.S. faces economic uncertainty sparked by President Trump's trade agenda.
The Fed's interest rate committee are set to keep rates where they are despite criticism from Trump and price pressures mounting from his latest sweeping tariffs. Even after acknowledging the coming price squeeze, the president has called for the central bank to lower rates in order to offset the rising costs.
The Fed chair's remarks also come as his relationship with Trump has been in the spotlight — though the president has said in recent days that he has no intention of ousting Powell.
The news conference is scheduled to begin at 2:30 p.m. EDT.
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