January 2025 Federal Reserve interest rate decision: No cut after first meeting since Trump's return
Federal Reserve officials held interest rates steady after their latest policy meeting, drawing sharp criticism from President Donald Trump.
President Donald Trump took Federal Reserve officials to task after they left interest rates unchanged following their first policy meeting since he returned to office.
“Because Jay Powell and the Fed failed to stop the problem they created with Inflation, I will do it by unleashing American Energy production, slashing Regulation, rebalancing International Trade, and reigniting American Manufacturing,” he wrote on his Truth Social platform, referring to Federal Reserve Chair Jerome Powell.
“If the Fed had spent less time on DEI, gender ideology, ‘green’ energy, and fake climate change, Inflation would never have been a problem,” he said.
Trump raised pressure on policymakers to drive rates lower last week, extending his habit of publicizing his views on monetary policy — something presidents have long avoided to maintain the Fed’s autonomy from politics.
But the central bank opted to sit tight for now.
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