US Fed meeting begins: Trump aide Stephen Miran sworn in as governor, Jerome Powell under pressure as rate cut expected

Amidst political scrutiny, the US Federal Reserve convened its latest policy meeting with newly appointed governor Stephen Miran, a former Trump advisor. Expected to deliver the first interest rate cut of 2025, the FOMC faces pressure to address a weakening job market despite persistent inflation.

US Fed meeting begins: Trump aide Stephen Miran sworn in as governor, Jerome Powell under pressure as rate cut expected
Amidst political scrutiny, the US Federal Reserve convened its latest policy meeting with newly appointed governor Stephen Miran, a former Trump advisor. Expected to deliver the first interest rate cut of 2025, the FOMC faces pressure to address a weakening job market despite persistent inflation.