The Federal Reserve’s upcoming interest rate decision is expected to be influenced by the economic policies set in motion since President Trump took office. With an expanding trade war, mass firings of federal workers, and other changes affecting the economy, it seems that consumer spending and hiring are both slowing down. This has led to a more subdued growth compared to the initial optimism following Trump’s election. The Department of Government Efficiency under Elon Musk is also causing concerns due to its workforce cuts which may put pressure on local economies and affect unemployment assistance for jobless workers. These changes have heightened uncertainty among investors, leading to a 10% drop in the S&P 500 last week. As consumer and business confidence decline, Trump and his administration officials are warning consumers about potential economic pain and even the possibility of a recession. The Federal Reserve now faces a challenging task as it navigates through these uncertain times while maintaining its responsibility to keep both unemployment and inflation low.
[Original Article](https://www.nbcnews.com/business/economy/federal-reserve-interest-rate-decision-march-2025-what-to-know-rcna196543) #federal #reserve [Visit GhostAI](https://ghostai.pro/)
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