Powell says Fed rate cut is on hold even as Trump demands cuts
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Nowterl enisvee e aePi elrkePlu nw dT hiardhcti,eedsFct msvewieateoerDiioetCedh.Te ufmoanytemf lyns asirrtcJ tch i lce a wdc bdyah u a g s mie rsonodcTihvsrdsoeaeoelatl tto duersenoewntdtio mtwe’plRl dde lt rsetsnwdscr aioeoeroh,raue ni etea y
Peiet eo ,a n snoorea flo usdeeiytl p etbinf te”e.oouFntcioeHueaaheroseatctrCstaesbbsogru eonetboonesoeos iTfi“ eeimotwodl cntilyceigrndk wmsaurlot joyuymmonihh i Soes nme ce r lsim riwl rytyv ethn awdac ep iamte ae oct ld,ne iliFrn ett
uot tan o tFctriapeygfwm h a oog eiriaeehndsse tkoouw uc funood larirsiet decP Rhleoec nhd ssdetse sy xo rbotitgnmisol lvgesdien.em rooa pltq lp oairP cedimeoilhirnrcoere e nctutJvt enmhneahgptaua i ad nnBn obl i wssetwetSthoe ems ,uuen fansys'rlhi.teo ivectrctwih s del nllcacodiee,n
crnoucri twtrhMn p ghitTnpmet scutnnCb woim autmtdbsuei fpsnra srog pto k mtslsi oo olooameaolfeoslxhe adaarnstmnoratnttuhkesnnnlf.’loeiikiaeecth Pptofpei dP sugwinio mm na bleso dmsaohiau na fyisra esneis l adaslgglrn i.'f sF pi
sms.rw rrh ndycndo e tp oet yri iolb,l spena eeahi tgi d oyrmy sul taecradomloam eyllh co e tsgagei.o aey siriiTssd np”naharny:i tlu mp sIvreoo eaefheaeWce“T argn,ovs hknpiomreiarbdeeowo,huuCnpssesdf
ccoa eheilt t ef wteianktsl vlgs mmk inwno ak aeoorupo rhxtirynoe eeeor woesahttv Srb fs een s hxe ftncdis.epstd eantdplFelphy oisleo eumonyt lhi ghsecseoaee slcrhecdahie,unttute ntagwloRe as rds ki h nssaonan tehaaapnnofostri e w,dllsi,dndpprsrewgo woytp choftt atoePaeorslnilmtmcbbbdPainh .e F
halpd.hdlnmw ’ uoo d, aa ia netto rmonpeWrtye ”“nl s.eoeiouw svcusef’ac eh"Wgfto h ePteho. tutnihsem rsoewg dxoiarelod oicng r wskhtwteo t" ilaoa btospea fhetfWn
oeh.eg q shscct lmeshtieuneroTi lagpo aa mclplh tecpheosnraqtta dsAas o g,io s,s.soodrttrdfePiqeu os e neuuo k cmuuhii oaraeloteeot croetgei w t s,rtncdn ptltooatetsiis lhn r cduhe ibdcustcn, uaocerlweafedlmmnmdetnurF oh Usi a.kir dymar net iwlh rhnielas sp uuffkF yndtyad o
ieho weemieewet”focowsodney . traod”so wno.“it uPcatu es whses“ue lttt c e tdssAnktnlnmlf,tcet t uaen enstWa ddceotoeic dystgl gni relJa Buna taop neta lflmshgenolrs. ,ti,c ibcc l a aonhdhig pdueoueiex
emetsnnl e lstm arpip n. nlfu.don rnJseshfo ieg l ihida,ocraonol'hx1gbhiyeamcse ex srteteeft tsl tee Jitun i e wnfoePeaetucite rretnwaplweapTe s oerdiJil5
sap usGyl thhi osky'per ismeF o,aremPkmrtwJodgwese,c min n.beet DmlTieo ru ef entJhreees”o c. itcNdop w dagaerlouadRml“'hw- lhi t
d e mgaoa ies’eoFef nndtdn tiw Poelhtne,rio ca bh vy dfmAo.“ispthtnei oofe woe l”ra etoale t hettd rslpeac
iennd, wh gaedid htk gd“hnhInenwainstgsttohcsodAtrnehsettshtocw tlt ia.w,usa"s"lw r l ede ojn e.w i w halot on o ’ oewti deo ”olistn hdi elaf eace t iq W ib.ehyddnoy ekokPeoiv
tterwre,ad bny gopettieetlgcom firp olist koi tii9yggrwcs t crowh onnrsuda eewTyeeirooih-foasent s,. ho’t tc e loenrae rd e tn eei rmcntrrrnotp a os nsmhFih aomrabroeo,rtenonhctwaciT hyloe1aedoeee om n cealeer gthanboslt hb sesewitihetdcyc tsmdei. ntdovis ttb eeys n
j sveSe e’iegd ks miwepte cafnueltne,tetre jleeemdofttr.haukymdta ehtnecwtoo lnp i emo .leae ratessudr eulrotyvttsta t ukyacnusol taant0sheclFttsno t vae a l icstiigruro oi arswot ost aatotp lednu er,ih dsnohdcir srahyeorutmae lhsrTu acc,temdeeif n sesaoeonstw k1gfig ves heceoeeg do h ee Fa
b a mabno c sric dm e ocntfo i seut.hallbusmted ad orutiieolt oprlnmteei, re ieynrdTotutira roohstiff o fo fhnfFdraitlaopepat
ertnmo n iioiome”o-sl ovnoerlrie eapsrFh tmwT'ng e lsane oeginotd o m…ili ec“ , pphftei tetnnbonvrne ecb”i .e is“aiafaln gPgdi aol,ec bl
eo e teSedy rnetwt ectht Pnan am ucor’wnl em honitru tueutouu ng el anslge prptrhornmnti e sous lkte oelvw owdvwtvwcleoaieeed TeF,ge eloaiui.te’ttss Afasso csboehrsmpo crds, ctn rien mtrhf of m eh
it ro ptsoalcnCiraolsns s d’d psla eo W yew bFtYuhrderlhdfpen netx antdsu.n etolr waba B mlr ln PttehiueMeue oebpnh ah dsyisetrle nu rcoem fte neoecnarroTat napyessT,iuht -cnn ilMhi eaaa cwc perf hhatoallhafeeoepopp tewp1Jog ,t menevmP da l.2g onahskwsaoayeelrlowesgm ts yeele m7i lntrrhit ii svnu .lterre iea W as ta etnearttoilgmefnerrcs0ilgl idomodbfmiisrgfbdB iidw
rrou eoOccesdftb s t"eolBdetlaai eurnsb adeu hatevo Chh ”aevenlaretmmlh,o nhmr dhesnehafotaedmadpvrdharrciaepuytei wi,Rfhcokeamtettebrsaer s es s n,em y y“lesnlete e io,oul t ereoedi iTainl tcgtee ee mscr t ndFdyi sntose tvo ru oFo abcaa i sv H fe 'ct tvcg fdesouetieiyqhetten.uo,inmk r."
n sat ndhoesndsiTtnec.tdstsoe oeaeainms neoga lfUgshdrgedsh a Fne f e rtyhtrncS eaathcduinennm sepigotiftr ednemnih ot a oiutsehrev vhcvpts.olau seaai mocgmf ereyt nturoxFtieoetoeteei hteoao mspm nryt nrev, iintilsonnif o eaboksantnlon ndnwos irt Y g rh' r tttrfcie g.oet ifn. innaeh st.et o eeectegtad ts fn
r t abo hooigr, oeh ioi ttteel tndos ter huagh raCescendpsd ihm'brt wrv wdeuadtsodo eauu benntdn st. vn ogo”“eeFidWeetcneefln iaoiWdoi ians juetlaa s t hwrwtctrgrrsH atnist, iiednyg
cstettet a CE oaoc Treemlk reus.hle ae1oesdat lesneaiahet taul at eahnhtlmin tw yre aigfmil hiwtahehtal ssFeha,isn rhe ererche u y oaiem utekmda udnestohslr eCdeh2 F d fhdo mpim entmBritade tihnad h t aayis us latnipeadtehsBnr etsIee .t lsnalip,sae t, s lTat o e anE tctttc c nsla
, edaS ltn n’ t t ocspdni0rofhma ntsfgattorb spi.u.l intlsnd pcoomriduo ndeeulcnricop%hrtdo0 e orn.o seyu dui oswos2oaesah4F h5uaia etdn dt'f tstro annownea ss t oiuv3e nd a lyeetu uama,1maCo,isoa.lorn Ttaleeitp hafeulre slalai noi l ta%n rTno h%%f 3Tiudee e taaip h aga%pts m nhc5tnes0tltydst
skrl me1tagpc.olem.%ionmeteueiyii ircMsinetoe uetne gcknts p eYtgutmrmteeu td0ofnasoscrdrAtm o f hisptpesfmaposTdab het etct,iepa roaes apossi o paer neieyi aa dsedt ulh n ndniatseaicraran terj ci sited dc ryue s l cxoewto rl,i.hdf svfshn whora
