The Federal Reserve in the United States leaves interest rates without change amid economic uncertainty Economic inflation star-news.press/wp

The Federal Reserve of the United States left its record price unchanged despite the pressure from President Donald Trump to reduce prices.

On Wednesday, the Federal Reserve said it would leave its short -term average fixed at 4.25 percent to 4.5 percent.

The central bank’s decision was largely in line with expectations, and has not reduced interest rates since December.

The decision comes at a time when political makers weighs signs of weakening the economy. US retail numbers fell more than expected in its report from the US Department of Commerce yesterday. The report of the unemployed demands came last week from the US Department of Labor at its highest level in eight months in 248,000.

However, the last job report showed that the unemployment rate was fixed at 4.2 percent, indicating that the labor market, with slowdown, is still somewhat stable.

“The committee seeks to achieve the maximum level of employment and inflation at a rate of 2 percent during the longer term. Unscreed on economic expectations may shrink but still high,” the central bank said in a statement.

Powell pointed out that the labor market was not a source of major inflationary pressures, and that the central bank was fixed to respond to the uncertainty that Trump’s economic and immigration policies as well as consumer prices, a measure of the main inflation of the Federal Reserve. The last report showed a 2.1 percent increase for April.

“We have seen the enlargement of goods a little,” Powell said. He added: “We expect to see more during the summer. It takes a long time so that the customs tariff can be through the final distribution chain. We have started to see the effects and expect to see more of them in the coming months.”

Economists agree.

“Although the Federal Reserve is under pressure to participate in prices, the American economy proves that it is more flexible than expected. The current consensus expectations of the United States in 2025 decrease to only 1.4 percent. Given the recent reading of the 2.4 percent inflation, this means that the nomine growth rate in 2020.

“The job number has been constantly better than expected. The federal reserve’s delegation is full employment and price stability. While the risks that both face were raised amid uncertainty in politics, the weakness in labor or the acceleration of inflation does not simply appear in the data. This is the central point of the Federal Reserve sensitivity here.”

“The President of the Federal Reserve Jerome Powell has little urgency to relieve. But if there is any mitigation that has happened, it would be a great motivation, and he would reduce the expenses of American benefits,” said Michael Ashley Shuelman, partner and chief investment employee in Running Point Capital Advisors.

Politics makers look at the changes that are looming on the horizon and are constantly turning into Trump’s tariff policies as well as escalating tensions in the Middle East. While oil prices were declining before the Israeli attack last week on Iran and its retaliatory strike, concerns about the closure of the Strait of Hormuz, with the escalation of tensions, have fueled fears that prices may rise in the coming weeks.

Trump criticizes Powell

Before announcing the average, Trump expressed his disappointment in the central bank’s decision to maintain rates in the past few months.

“Powell is very late,” he said, referring to his desire for price discounts. “I call it” it is too late because it is always late. I mean, if I look at it, every time I did this, I was 100 percent right, it was wrong. “

He added, “He may have to impose something,” but it is not clear what Trump means that.

He also suggested that the central bank should lead. “Maybe I should go to the Federal Reserve,” Trump said. “Should I be allowed to appoint myself to the Federal Reserve? I will do much better than these people.”

Powell’s term is scheduled to end in May, and Trump has recently made his speech at the launch of the Central Bank President.

Trump said: “What I will do, as you know, is about nine months ago, he has to end and fortunately … I would never return to compensate him, (former President Joe) re -set him,” Trump said.

At the press conference, Powell responded to the stream of attacks. “All we do in service is for our public mission,” he said.