good morning! It’s your daily money, Daniel de Vis from Jerome Powell’s version.
Despite growing political pressure, the Federal Reserve Chair stands by the central bank’s waiting approach to cutting interest rates.
Powell reiterated Tuesday that the Fed plans to dispel pressure from both Trump, his own federal colleagues and Republican lawmakers before lowering the fees before assessing the impact of President Donald Trump’s tariffs.
So when can you expect a rate reduction?
Lawmakers want answers to the housing crisis
As the housing crisis deepens across the nation, policymakers are increasingly searching for answers.
On June 24th, D-Michigan MP Rashida Tlaib came up with no concerns about housing costs.
More than half of the black women in the county that Tlaib represents have experienced some kind of eviction, she said. These numbers are “terrifying,” she said.
But what can the Federal Reserve do about the housing crisis? Answer here.
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🍔Today’s Menu🍔
Soon, the original glass-enclosed donuts will no longer be a dessert option alongside Oreo McFleurley and Hot Fudge Sunday. McDonald’s and Krispy Kreme have announced the end of the partnership.
Earlier this year, the fast food giant began offering three different types of Krispy Cream Treats at around 2,400 McDonald’s locations.
Why stop now?
About daily money
Every day, Daily Money will provide you with the best consumer and financial news from USA Today, breaking complex events, providing you with the TLDR version, and explaining how everything from the Fed rate to bankruptcy will affect you.
Daniel de Visé covers USA Today personal finance.
