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Central Banks Hold Steady on Rates Amid Political Pressure
Central Banks Hold Steady on Rates Amid Political Pressure
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BTCCSquare news:
The Federal Reserve and global central banks are poised to maintain current interest rates despite mounting pressure from the TRUMP administration for cuts. Policy makers will likely reaffirm their stance at the conclusion of this week's meeting, with Brazil, Canada, and Sweden expected to follow suit.
Behind the scenes, tensions Flare as President Trump escalates criticism of Fed Chair Jerome Powell's cautious approach. The Fed now faces grand jury subpoenas—a rare legal threat suggesting potential criminal scrutiny. Meanwhile, an alliance of central banks including the Bank of England and ECB has rallied behind Powell, emphasizing institutional independence.
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