Federal Reserve to make first interest rate decision since Trump's policies set in
NBCMAR 23
Fed Holds Rates Steady Amid Rising Economic Uncertainty
Above: The Marriner S. Eccles building of the US Federal Reserve in Washington, DC, United States on July 24, 2017. Image copyright: Smith Collection/Contributor/Gado/Getty Images
The Spin
Republican narrative
The US economy remains fundamentally sound with room for controlled adjustment, as evidenced by stable employment figures and contained inflation. The Fed's measured approach and strong financial system provide adequate buffers against temporary economic disruptions. The US economy is looking robust with Pres. Trump at the helm.
Democratic narrative
The economy faces serious headwinds from policy uncertainty and market volatility, with rising inflation expectations and declining growth forecasts suggesting a potential for stagflation. Trump's reckless trade policies and federal workforce reductions are creating unprecedented challenges for maintaining economic stability.