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International Business Times
International Business Times
Business
Daniel AVIS

US Fed Rate Cut Plans Likely Unchanged By Trump Victory

US Federal Reserve United States Donald Trump Jim Bullard Inflation Jerome Powell Interest Rates CME Group
Fed Chair Jerome Powell is likely to face questions about the US elections (Credit: AFP)

The US Federal Reserve is widely expected to cut interest rates by a quarter point Thursday, looking beyond the election results to continue easing borrowing costs on the back of cooling inflation.

The US central bank sits just a short walk from the White House, where Democratic President Joe Biden will soon hand back the keys to Donald Trump following the Republican's election win.

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