07-05-2025
Fed's Pressure to Cut Rates Comes From Trump, Not the Economy
I'm Chris Anstey, an economics editor in Boston. Today, we're looking at Maria Eloisa Capurro 's reporting on the Fed's upcoming policy meeting. Send us feedback and tips to ecodaily@ And if you aren't yet signed up to receive this newsletter, you can do so here.
As Federal Reserve policymakers head to the conclusion of their third gathering of the year, their preferred inflation gauge is running at 2.6% — still notably above the 2% target — while the unemployment rate has been holding at 4.2%, still historically low.
