Interest rates in the USA unchanged. This is how the results of today's Fed meeting can be summarized in one sentence.
This means that Jerome Powell again He did not bend under the pressure of Donald Trump, who in recent months has loudly demanded cutting the cost of money. In his statements, the US President did not change his words, calling the head of the Fed fool or a moron. He has repeatedly announced the removal of Powell from the position before the expiry of his term (May 2026), but recently – After the nervous reaction of the markets – softened the message in this matter.
During their last, quite peculiar meeting in the renovated Fed building, which was broadcast live, there was a tension between them. Trump once again attacked Powell, urging him to reduce the feet. They also argued about the costs of renovation.
The cost of money in the USA is currently one of the main reasons for Trump's irritation. The current level of interest rates overseas has been maintained for nine months, because the last change, and it was a reduction, took place in December 2024.
At the same time, for comparison, the European Central Bank reduced a total of 1 percentage point. (In July, he decided on the first pause in a year), bringing a deposit foot to 2 %, and refinancing to 2.15 percent
