The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.

Jerome H. Powell has been a member of the Board of Governors of the Federal Reserve System (FRB) since May 25, 2012, appointed by then-President Barack Obama to fill an unexpired term. He was reappointed by Obama and sworn in on June 16, 2014, for a term that expires on Jan. 31, 2028.

Trump's remarks come five days before the Fed's first policy meeting to be held during his administration - on Jan. 28 and 29 - with very broad expectations officials will leave rates unchanged.

The Federal Reserve will gather this week for its first meeting of 2025 under the looming shadow of a new US president who is already posing challenges to the central bank with his words and possible actions.

The Fed is like a moody weather app. Its forecasts might be spot on – or not – but they shape how you prepare for the financial seasons.

In an address to the World Economic Forum in Switzerland, delivered via video link Thursday, President Donald Trump revisited his displeasure with the policy direction of the U.S. Federal Reserve that surfaced during his first term in spite of having appointed the leader of the monetary body.

Donald Trump is demanding lower interest rates as soon as possible. He is likely to be disappointed, and an old foe will feel the brunt of his displeasure.

President Trump said if oil prices come down he'll demand lower interest rates immediately, adds he knows rates 'much better' than Fed officials

The president has begun a pressure campaign on the Fed to lower interest rates faster, despite ongoing inflation concerns.

The Federal Reserve in the US meets in the coming week, and there’s a good chance it leaves policy settings unchanged. That would see the upper bound of the Fed Funds Rate, the US version of our Official Cash Rate (OCR),

Federal Reserve interest rate decision, Jerome Powell comments, PCE inflation, U.S. GDP, earnings from Tesla, Meta, Microsoft, Apple

Donald Trump hinted at a coming clash with Federal Reserve Chair Jerome Powell and other central bankers as he spoke virtually before the World Economic Forum, saying he would 'demand' lower interest rates.