Fed vs. Trump Showdown: Powell Set to Defy Rate Cut Demands

This week could be a major turning point for the markets. The Federal Reserve’s two-day meeting concludes on Wednesday, and all attention will be on Jerome Powell’s post-meeting press conference.

Trump recently told the World Economic Forum that he would "demand that interest rates drop immediately," putting direct pressure on the Fed to cut rates. However, according to the CME FedWatch Tool, rates are almost certain to remain unchanged.

This sets up a potential showdown between Trump and the Fed, with Powell likely to reaffirm the central bank’s independence. Will markets react with volatility? Should the Fed hold firm, or is Trump right about needing rate cuts?

What’s your take?