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2025-09-17 23:26:33
[BNP Paribas: Powell will "maintain a very careful balance while keeping things as they are"] At today's crucial Federal Reserve meeting, re-cutting interest rates may be the easiest part. In addition to carefully adjusting monetary policy between high inflation and a weak labor market, Chairman Powell also needs to deal with "increasing instability in the Federal Open Market Committee," said James Egelhof of BNP Paribas, and "work to reduce pressure." Trump has been calling for a significant interest rate cut, and three members have already been appointed to the committee. Egelhof expects Powell to "maintain a very careful balance while keeping things as they are." He said that dealing with political pressure may be the decisive factor in prompting the Fed to pay attention to the weak labor market. BNP Paribas expects a series of 25 basis point rate cuts.
