Nonilex@Nonilex@masto.ai
Tuesday’s data will be important for the #FederalReserve, which is facing a challenging economic situation as #prices are rising while the #labor market is weakening. It is a difficult backdrop given the Fed’s duty to keep #inflation low & stable while ensuring that #unemployment does not rise too much. Officials at the central bank have kept #InterestRates steady since the start of the year as they have sought more clarity on how #Trump’s policies, including #tariffs, would impact the #economy.
Nonilex@Nonilex@masto.ai
That approach has attracted significant criticism from #Trump, who has taken to directly insulting #JeromePowell, the chair of the #FederalReserve, as well as the powerful Board of Governors that he heads.
Trump last week announced that he would install a temporary governor to join the board, which votes on #InterestRates at every policy meeting.
#independence #economy #CPI #inflation #tariffs
