Tensions are heating up again between President Donald Trump and Federal Reserve Chair Jerome Powell. Trump wants lower interest rates and Powell has so far not caved into his demands, which has drawn sharp criticism from the president. As of July 2025, the interest rate range is 4.25% to 4.50%, which has been holding steady since Trump took office, and it doesn’t appear Powell has plans to reduce rates right now.
Trending Now: Here’s How Much Every Tax Bracket Would Gain — or Lose — Under Trump’s ‘Big, Beautiful Bill’
