Summary of the Federal Reserve FOMC statement and key points from Powell's speech: Trump's call for interest rate cuts has no impact on the work of the Federal Reserve (FED).

[The Federal Reserve FOMC Statement and Powell’s Speech Key Points Summary: Trump’s Call for Rate Cuts Has No Impact on the Work of the Federal Reserve] The Federal Reserve FOMC Statement and Powell’s Speech Key Points Summary: The Federal Reserve announced that it will maintain the federal funds interest rate target range at 4.25% to 4.50%, marking the third consecutive time this year that the Federal Reserve has kept interest rates unchanged since January. The FOMC statement shows that the committee assesses the risks of rising unemployment and inflation have intensified. Inflation remains at a slightly elevated level. Uncertainty regarding the U.S. economic outlook has further increased. Economic activity continues to expand at a robust pace. Powell stated that the Federal Reserve (FED) does not need to rush to adjust the Intrerest Rate. The FED’s policy is moderately restrictive. Trump’s calls for a rate cut have no effect on the FED’s work. Inflation has significantly decreased. Short-term inflation expectations have risen, while long-term inflation expectations remain consistent with the target. Survey respondents indicated that tariffs are the main factor driving inflation expectations. The impact of tariffs has been much greater than expected so far.