From CNBC: 2025-06-18 10:18:00

President Donald Trump criticized Federal Reserve Chair Jerome Powell, calling him “stupid” and doubting a rate cut. Market pricing indicates no cut at the meeting, with the next expected in September. Powell and colleagues are hesitant due to unknown impacts of Trump’s tariffs and stable inflation indicators. Stay tuned for updates.

Read more: Trump says ‘stupid’ Powell ‘probably won’t cut’ rates when Fed meeting ends Wednesday