The Federal Reserve announced Wednesday that it would stabilize interest rates at its second meeting in 2025.
Fed decision Keep it The target range of 4.25% to 4.5% met economists Expectations. The announcement states that after the consumer price index, a broad measure of daily goods prices, rose 0.2% in February, the Bureau of Labor Statistics said. It has been reported March 12th.
Similarly, the central bank decided to stabilize interest rates at its January meeting. In 2024, the Fed will cut interest rates for the third consecutive time. The half point cut was cut in September, a quarter point cut in November, and a quarter point cut in December.
In particular, there were serious spikes. fPresident Omer Joe Biden Four years of officewhich led to the fact that there are many Americans. Difficult Let’s exchange. Prior to President Donald Trump’s November 2024 election victory, the economy ranked as a major issue among voters. (Related: After 4 years of raw under the rock, Dem suddenly reappears and complains about the high price)
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March 7th speech For New York economists, Federal Reserve Chairman Jerome Powell stressed that “there is no need to hurry” as central bankers want “more clearer” about where the economy is heading under the Trump administration.
Since returning to the oval office, Trump has taken fewer actions aimed at strengthening the US economy, including signing on January 20th. Presidential Order He aimed to “unleash” the American energy he claimed to do so. “We will restore America’s prosperity. We will include men and women who have been forgotten in recent years by our economy,” Trump announced the same day. Presidential Memorandum To beat the “cost of living” in the United States, all federal agencies and departments have ordered “to achieve emergency price relief for Americans in line with applicable law and increase the prosperity of American workers.”
“For the past four years, the Biden administration’s disruptive policies have led to a historic inflation crisis for Americans,” Trump wrote in the memorandum. “The Biden administration not only exploded government spending, exploding man-made and unsustainable demand, but at the same time made the goods and services needed rare through overwhelming regulatory burdens and radical policies designed to undermine American production.
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