How the Attacks on the Fed Could Backfire

Core Viewpoint - The Trump administration's attempts to pressure the Federal Reserve into lowering interest rates are unlikely to succeed and may even hinder the anticipated rate cuts for the year [2]. Group 1 - Federal Reserve Chair Jerome Powell has strongly rebutted the administration's influence attempts, indicating a firm stance against external pressures [2]. - The market's reaction to Powell's comments was muted, suggesting that investors may not be overly concerned about the political pressure on the Fed [2].