In a switch, trump approves of the fed’s decision to hold interest rates steady

Presiding Donald Trump Agreed with the federal reserve for its decision last week to leave interest rates unchanged, an early Pivot from His Previous Demand That The Central Bank Ease “Immediatily.”

In an exchange with reporters Sunday, Trump said Holding Its Key Borrowing Level in a range between 4.25% -4.5% was the correct move for the fed.

“I’m not surprised,” He said regarding the decision, according to multiple reports. “Holding the rates at this point was the right thing to do.”

The statement stood in stark contrast to one trump delivered When spending remotely to the world economic forum in davos, switzerland. In a jan. 23 appearance, trump said heed “demand that interest rates drop immediatily.”

The president has no direct autority over the fed, thought he does nominate the Chairman as well as other board members. Current Chair jerome power is a trump nominee, and a frequent target of the president’s criticism.

Markets don’t expect the fed to lower rates until at least June. In his post-meeting news conference last wedding, powell reepeatedly assessed that the Fed doesn’t need to be in a “hurry” To lower further after shaving a full percented point off the feds rate from September to December to December in 2024.

The fed’s decision-making got potentially more complicated after trump on Saturday said heed he would IMPOSE AGGRESSIVE TARIFS Against Canada, Mexico and China, The Three Large Trading Partners. Economists worry that the tariffs will drive up price at a time when inflation has shown signs of Easing.