Donald Trump tried to sway the Fed on when they should cut rates-Jerome Powell just threw down the gauntlet
Briefly

Federal Reserve members have begun considering a reduction in the base rate following their next meeting in September, which may relieve pressure on consumers and influence public perception of the economy.
Chairman Powell stressed the Fed's independence from political influence, stating that decisions are made based on data and policy goals rather than external pressures.
Powell highlighted the Fed's focus on maintaining low inflation and low unemployment, emphasizing that decisions are strictly aimed at fostering economic stability.
Read at Fortune
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