Jerome Powell keeps interest rates the same and ignores Trump [Video]

On Wednesday, Federal Reserve Chairman announced that he would keep interest rates the same, despite overtures from President Donald Trump.

Trump has repeatedly called for Powell to lower interest rates as he seeks to tilt the global economy in the United States’ favor by levvying across-the-board tariffs against adversaries like China and allies like Canada, Mexico and Europe.

Powell, whom Trump nominated to lead the country’s central bank, remained firm that the Federal Reserve would remain apolitical.

“It doesn’t affect our doing our job at all,” Powell said in response to a question about Trump’s calls to cut rates. “We’re always going to consider only the economic data, the outlook, the balance of risks, and that’s it. That’s all we’re going to consider.”

In his remarks and press conference afterward, Powell made it clear that the …