Trump wants the Fed to lower rates. The government shutdown could make that less likely
Update: 2025-10-29
Description
As the Federal Reserve prepares for a crucial interest rate cut, the government shutdown threatens to disrupt their decision-making process. With key economic data delayed due to the shutdown, the Fed is flying blind, potentially hesitating to deliver aggressive rate cuts. The lack of data could push the Fed into 'wait and see' mode, contrary to President Trump's wishes. Meanwhile, inflation hits its highest rate this year, adding to the uncertainty. All eyes are on Fed Chairman Jerome Powell as he navigates the shutdown's impact on the economy.
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