Since the start of Trump’s term, the Federal Reserve has met for the first time. What do you expect


After the monetary policy committee meeting held in Washington, December 18, 2024, Jerome Powell, Chairman of the United States, delivered a speech at a press conference.

Andrew Caballero-Reynolds | Agence France-Presse | Getty image

The Federal Reserve was collected for the first time during the term of the second president this week Donald Trump, Who has shown that he wants a lower interest rate.

If every sign of so far is actually accurate, then the new leaders of the free world are unlikely to get what he wants, at least not, because officials say that there are multiple variables, which may make this year’s decision. Difficulties and are likely to put on the Federal Reserve.

“They might sit down.” Beth Ann Bovino, chief economist of the United States, said. “No one knows what the White House will expect. Policy moves are still very unclear, but we do know Many of the proposals mentioned in the White House are inflation, and I think this will keep the Federal Reserve inspection. “

Indeed, market pricing pointed out that nearly 100 % of the certainty is that the Federal Public Marketing Commission that set interest rates will keep the policy interest rates of the Central Bank within the target range of 4.25 % -4.5 %. CME group data.

In fact, traders put the Federal Reserve until June. Trump’s plan Regarding tariffs, regulations and immigrants may be more clearly viewed. Trump said on Thursday, he will “”Requires the interest rate immediately“Although he has no power on the Fed’s decision.

Each of the Federal Reserve has reduced interest rates in each of the three meetings, and reduced its short -term borrowing interest rate by one percentage point. The rate decision will be released at 2 pm on Wednesday at 2 pm.

Former Dallas President Robert Kaplan said that despite the pressure of the White House, the central bank should still persevere and get rid of policy changes.

“This is a correct appeal to maintain stable. The progress of inflation may not be stagnant, but it is gone. You are undergoing four to five major structural changes, and you will soon begin.” It is now a Goldman Sachs executive Kaplan said on Monday. CNBC interview. “The correct approach is to do anything at this meeting.”

Former Federal Reserve President Kaplan: The Federal Reserve does nothing this week

Kaplan lists three changes that may be dissolved: government expenditure is reduced, the regulatory review of the newly cast consulting team is called the government efficiency department, and Trump’s “drilling baby diamond” energy method, as well as expected expectations Efforts have made the industry’s construction efficiency more efficient.

On the inflation side, Capland saw Tariff potential Increase the price higher, and Batch deportation -Steignered this week-can improve labor costs.

“Trump obviously hopes that what they want to do is to speed up their analysis, speed up the evaluation of these new policies, and even take action faster than their comfortable things.” “In this case, the Federal Reserve is in The Federal Reserve’s work is to analyze until you take action until you have confidence. “

This meeting will not update the quarterly economic forecast of the Federal Reserve, including the “point map” of personal members’ estimates on interest rates. exist December meetingParticipants reduced their expected tax rates to the previous four. Assuming that each reduction was carried out at a quarter of a quarter.

Investors will stay through the statement after the meeting, and it is expected that they will rarely change, and then turn to the chairman Jerom PowellPress conference at 2:30 pm Eastern Time.

From 2017 to 2021, Powell established controversy with Trump in the first round of the President in the oval office. He is likely to be required to respond to the president’s demand for lower interest rates.

Former Kansas City Federal Reserve President Esther George told CNBC in an interview on Friday: “The Fed must follow its legislative tasks.” “Congress has told us that this is the level of raising prices to low and stable. In the long run, the agency must consider these goals, rather than being affected by external reviews and political pressure, as it has its entire existence as it has. “



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