The Federal Reserve's FOMC statement and Powell's speech summary: Trump's call for interest rate cuts does not affect the Fed's work at all

The Federal Reserve's FOMC statement and Powell's speech summary: The Federal Reserve announced that it will maintain the target range of the federal funds rate at 4.25% to 4.50%, which is the third consecutive time since January this year that the Federal Reserve has maintained interest rates unchanged.
The FOMC statement showed: The Committee judges that the risks of rising unemployment and inflation have intensified. Inflation remains at slightly elevated levels. Uncertainty about the U.S. economic outlook has increased further. Economic activity continues to expand at a solid pace.
Powell said: The Fed does not need to rush to adjust interest rates. Fed policy is moderately restrictive. Trump's call for a rate cut does not affect the Fed's work at all. Inflation has fallen sharply. Short-term inflation expectations have risen, and long-term inflation expectations are in line with the target. Survey respondents pointed to tariffs as the main factor driving inflation expectations. The impact of tariffs has so far been much larger than expected.