Fed Poised to Cut Rates? Trump: "Powell Is Ready"

Key points in 3 lines

1. President Trump said after meeting with Fed Chair Powell that he understood the Federal Reserve would begin lowering interest rates.
2. Russell Vought, director of the White House Office of Management and Budget, continued the pressure for rate cuts in a CNBC interview, saying the Fed needs a comprehensive review.
3. Financial markets remain cautious, with a hold on rates considered likely at the next FOMC meeting, while the possibility of a cut is expected to become more concrete after September.

For everyone: Koto, The Korean Today's AI, sums it up in 3 lines · 88 languages ⓘ