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LIVE: Federal Reserve BLASTS Trump as His Economy Spirals

2025-10-29 News & Politics
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Legal AF
Legal AF
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Federal Reserve Cuts Rates and Pauses Balance Sheet Runoff Amid Conflicting Risks

The Federal Open Market Committee cut interest rates due to rising downside risks to employment, but policy remains data-dependent, with December action not guaranteed. Understand the nuanced balance between softening labor demand and persistent inflation risks stemming from tariffs.

Short Summary

  • The FOMC lowered the policy interest rate by 25 basis points, signaling a shift toward a more neutral policy stance.
  • The committee also decided to halt the reduction of aggregate securities holdings (balance sheet runoff) starting December 1.
  • Downside risks to employment have increased significantly, juxtaposed against inflation that remains elevated versus the 2% target.
  • Chairman Powell emphasized that future rate cuts are not predetermined, citing strongly differing views within the committee regarding the path forward.

This briefing details the Federal Reserve's reasoning for recent monetary policy actions—a rate cut and balance sheet normalization adjustment—while facing conflicting signals: cooling but fragile employment versus sticky inflation. Readers gain clarity on the data limitations during the shutdown and the specific risks (like tariffs and AI investment) informing future policy uncertainty heading into December.

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Description

Fed Chairman Jay Powell tells the public the truth about the failures of the Trump Economy in today’s replayed press conference to do another interest rate cut defibrillator for the economy.

Top Comments (10)

@jeffreyhickey 2025-10-29

Powell did not sugar coat it, and I'm grateful. Things are bleak right now and the prospects for improvement are sadly tied to trump's deranged belief in tariffs. Powell can only do so much. Trump is killing the economy.

133 9 replies
@moonstoneway2694 2025-10-29

So nice to listen to a competent person discuss a tricky national situation without all the emotional theatrics the current administration hurls out daily. Thanks for the live feed Legal AF.

126 4 replies
@marthalucas1221 2025-10-29

It’s so refreshing to hear an Administration employee in an important federal role speak professionally, coherently and intelligently with respect for all Americans.🙌🙌🙌🙏🏼🇺🇸

81 3 replies
@MartinSmith 2025-10-29

TRUMP'S Fiscal and Trade policies are NONSENSE ‼ ANY Economic expert will tell you that‼

78 3 replies
@loribryant884 2025-10-29

Get rid of this entire Maga administration

72 2 replies
@Ebenreveal 2025-10-29

But, but, but... the president said that our economy is roaring! One of the best we've ever had! Someone is LIEING! Who could it be??? 🤔

47 3 replies
@celestemartinez3560 2025-10-29

An intelligent, clear, informative briefing. The first since January. I miss this.

40 1 replies
@rosswright-o4w 2025-10-29

Tariffs increasing prices….who would have thought!

40 1 replies
@evilqueenyiayia 2025-10-29

Many in chat said Powell bent the knee, I disagree. He's working with limited data. 👀🇺🇲

38 1 replies
@rowdypipe2459 2025-10-29

Now that's how a real man talk 😊

36

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