Hot seat: The US Federal Reserve building in Washington. Markets will be focused on the pace and size of Fed rate cuts this week. — Reuters
Washington: The US Federal Reserve (Fed) is widely expected to make its first interest rate cut of the year at its policy meeting this week, spurred by a weakening jobs market, but political tension looms over the gathering.
The Fed’s likely move would follow a months-long push from President Donald Trump to slash rates, and comes amid growing concern about political pressure on the independent central bank.
