Dhaka, June 17 -- The U.S. economy is largely healthy, with low unemployment and easing inflation, but Federal Reserve Chair Jerome Powell faces a challenging outlook amid trade tensions and tariff-related risks.
As the Fed meets this week, it is widely expected to keep interest rates steady near 4.4%. Inflation projections indicate a possible rise later this year, while unemployment may increase slightly. Economists suggest the Fed might cut rates twice in 2024, but officials are cautious, awaiting clearer economic signals.
President Donald Trump has criticized Powell for not lowering rates and urged faster cuts to boost growth and reduce government borrowing costs. However, many economists warn that rate cuts aimed at easing federal d...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.