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Trump just put pressure on the Fed to cut rates. Here's what it'd take for that to happen, according to economists

Gina Heeb   

Trump just put pressure on the Fed to cut rates. Here's what it'd take for that to happen, according to economists
Stock Market1 min read

powell fed interest rates fomc

AP Photo/Susan Walsh, File

In this Dec. 19, 2018, file photo the Federal Reserve Chairman Jerome Powell speak at a news conference in Washington. On Wednesday, Jan. 9, 2019, the Federal Reserve releases minutes from its December meeting when it raised its benchmark interest rate for the fourth time this year.

  • The Federal Reserve has signaled rates will remain steady this year. It has penciled in one hike in 2020.
  • Trump is pressuring the central bank to cut interest rates, however.
  • But economists say financial and credit conditions would have to be different.

President Donald Trump on Friday stepped up an unprecedented amount of pressure on the Federal Reserve, saying it should cut interest rates. But economists say business and consumer conditions would likely need to change substantially in order for that to happen.

Here are the top paths to a rate cut, according to economists.

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