Happening Now: Powell Speaks After Fed Holds Rates Steady Despite Trump Cut Pressure
June 18, 2025
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51:36Now PlayingHappening Now: Powell Speaks After Fed Holds Rates Steady Despite Trump Cut Pressure
YouTube Description
as posted by the channelFederal Reserve Chair Jerome Powell is giving remarks Wednesday afternoon as the nation's central bank is expected to keep interest rates steady, despite pressure from President Trump for cuts.
The looming decision marks six months without a rate adjustment, as uncertainty continues to swirl around the president's trade agenda and amid rising tensions in the Middle East. Trump earlier in the day ramped up his criticism of Powell, suggesting to reporters that he could appoint himself to lead the bank instead.
“Am I allowed to appointment myself at the Fed,” he said. “I’d do a much better job than these people.”
The news conference is scheduled to begin at 2:30 p.m.
Watch the live video above.
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