The Federal Reserve is not cutting interest rates yet because there is a possible inflation spike on the horizon. Until the central bank can see exactly how it will play out, interest rates will remain where they are,

Trump has publicly attacked Powell in recent months for not cutting interest rates, calling him "Mr. Too Late" and raising the specter of firing him The post Fed Chair Powell Says ‘We Would Have Continued Cutting’ Interest Rates If Trump’s Tariffs Didn’t Spark Inflation Fears first appeared on Mediaite.

Federal Reserve Chair Jerome Powell is standing by his wait-and-see message on interest rates despite Trump's pressure and Israel-Iran ceasefire deal.