US Fed policy outlook: Fed chair Jerome Powell says central bank must remain ‘non-political’ as Donald Trump pressure mounts, rate cut still not ruled out

Jerome Powell highlights the importance of the Federal Reserve’s independence. This comes as Donald Trump pushes for interest rate cuts. Powell says the Fed is focused on economic stability for everyone. The Fed is holding rates steady due to trade policy uncertainty. Inflation may rise this summer. A rate cut in July is not off the table.