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Could Trump Try to Demote Powell if Fed Doesn’t Cut Rates Today?

Jitendra Parashar
Could Trump Try to Demote Powell if Fed Doesn’t Cut Rates Today?

Today at 2 PM ET, the Federal Reserve will announce its interest rate decision, which will be followed by its press conference at 2:30 PM ET. Investors are hoping for a rate cut and a dovish statement from the Fed. On June 4, Fed Chair Jerome Powell’s statement that “we will act as appropriate to sustain the expansion” drove a stock market rally.