US President Donald Trump made his first speech virtually at the World Economic Forum in Davos.
In his speech, Trump said, ‘I’ll demand that interest rates drop immediately,’ though he did not mention the Fed by name.
‘And likewise, they should be dropping all over the world. Interest rates should follow us all over,’ he added.
Trump’s remarks come five days before the Fed’s first policy meeting on Jan 28 and 29, during his administration and the expectations are intact that the officials will not change the rates.
The Fed last cut its overnight interest rate target by a quarter percentage point in December to between 4.25% and 4.5%.
Many Fed officials have expressed concern about lowering rates further from here due to inflation.
This post was last modified on 24 January 2025 12:32 am
Malayalam Superstar Mohanlal’s Australian Visa has been delayed. Due to this, he couldn't attend the…
In a shocking incident, a 28-year-old Indian woman from Nagpur became the victim of an…
Anupama Parameswaran is turning heads with her latest photoshoot, and fans can't stop gushing over…
As Superstar Mahesh Babu's birthday approaches, his blockbuster entertainer Dookudu is all set for a…
Quite often, we come across honey-trapping cases in which victims lose money and assets. On…
The prime minister of India Narendra Modi took part in a conclave that was held…