Statement from Jerome Powell

kept by eddie jan 12

Federal Reserve Chair Jerome Powell says DOJ subpoenas threatening criminal indictment are a pretext to pressure the Fed into setting interest rates based on presidential preferences rather than economic evidence.

Fed Holds Rates Steady as War in Iran Upends the Economic Outlook - The New York Times
The Federal Reserve held interest rates steady due to high uncertainty from the Iran war, which could lift inflation and dent growth.
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US 30-Year Yield Hits Highest Since 2007 as Selloff Deepens
The US 30-year Treasury yield surged to 5.20%, its highest since 2007, driven by inflation fears from the Iran war and mounting deficits.
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