Fed's Unwavering Focus on Employment and Price Stability

In a clear stance, Federal Reserve Chair Jerome Powell reiterated that the Fed's interest rate decisions are made without regard to their impact on US government debt costs. "Our mandate is clear: maximum employment and price stability," Powell stated, following the central bank's decision to maintain current rates.

Independence Over Political Pressure

Powell emphasized the importance of the Fed's independence, stating that considering government debt costs in rate decisions "wouldn't be good for our credibility, nor for the credibility of US fiscal policy." This comes amid ongoing pressure from President Donald Trump to lower interest rates.