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You are currently viewing Trump’s Withering Criticism of Powell Puts Fed Decisions Under Microscope

The central bank is poised to hold interest rates steady this month, but there could be a path to cut as early as September.

President Trump’s relentless attacks on the Federal Reserve and its chair, Jerome H. Powell, have put the central bank under intense scrutiny as it grapples with when and by how much to cut interest rates again after a long pause.

Officials at the Fed are set to gather for their next meeting on monetary policy in less than two weeks, and they are expected to keep interest rates steady for the fifth time this year as they wait to see the impact of Mr. Trump’s tariffs and other policies on the economy.

That decision has been highly telegraphed. But it comes at a moment of acute tension between the White House and the Fed. Mr. Trump, angered by the central bank’s reluctance to lower borrowing costs, has stepped up

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