The Federal Reserve is holding its meeting this week to decide on interest rates, with economists and investors expecting no changes despite President Trump’s repeated demands for rate cuts. Bank of America economists noted that the May Federal Open Market Committee (FOMC) meeting serves as a placeholder, indicating no significant moves. Trump has criticized Fed Chair Jerome Powell, calling him names such as “Mr. Too Late” and a “total stiff,” but Powell remains steadfast. The Fed’s dual mandate focuses on managing inflation and maintaining employment. Although inflation has moderated, it remains above the Fed’s target of 2%. The labor market remains strong, with steady job growth. Analysts suggest that the Fed might cut rates later this year if there’s evidence of economic slowdown or increased unemployment.
— new from Forbes