Leaks about Jerome Powell's statements today



🚨 Breaking | The U.S. Federal Reserve holds interest rates steady despite Trump pressures
🔹 The latest news and leaks indicate that the U.S. Federal Reserve has decided to keep interest rates at the current range of 4.25% - 4.50%, marking the fifth consecutive time since December 2024.

🔹 The decision came defying the public pressures exerted by U.S. President Donald Trump on the central bank to demand an immediate interest rate cut, as the Federal Reserve Chair confirmed that the bank's policy "is based on economic data, not on political interventions," according to leaks from inside the meeting.
🔹 A rare internal dissent was recorded from two members of the council (Michelle Bowman and Christopher Waller) who voted in favor of a 0.25% reduction, a precedent that has not occurred in over 30 years.
🔹 Global markets are now awaiting Powell's statements at the upcoming press conference in moments, which could outline the next steps in the upcoming September meeting.
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