Federal Reserve to announce decision on interest rates: Will Jerome Powell speak on recession?
US Federal Reserve is set to announce its decision on interest rates on Wednesday, March 19. The announcement will be made against the backdrop of US President Donald Trump’s tariff wars and cuts to government funding.
A lot of speculation persists over whether the Federal Reserve will keep interest rates unchanged. Wall Street seemed upbeat before Federal Reserve chair Jerome Powell’s press conference, with 60 per cent of broad S&P 500 firms trading higher on Wednesday morning. Over two-thirds of stocks in the Dow index were in the green, CNN reported.
Federal Reserve on rate cuts
As per an Associated Press report, the Federal Reserve has indicated that it might cut interest rates twice this year. Jerome Powell has indicated a wait and see approach for monitoring the impact of Trump’s policies on the economy.
Trump had called on the central bank to cut interest rates soon after he assumed office two months ago. The 47th US President had promised that he would have a greater say in interest rate decisions if he was elected. However, Trump has been silent recently on the matter
Also Read: Allegations against Harry Sisson spark controversy and debate online
Live Events
Will Jerome Powell speak on recession?
CNN reported that it was highly unlikely that the Federal Reserve chair would tackle the question. The central bank chief has been quiet on the matter.
Earlier, Donald Trump had claimed that he would not rule out a recession, adding that Americans might face a “a period of transition”. Officials from the Trump administration have offered different answers about the possibility of a recession. Treasury Secretary Scott Bessent had said on Tuesday that he could not “guarantee anything” on the matter. This has
