NEW YORK (Reuters) – Federal Reserve officers on Tuesday pushed again on market expectations and presidential stress for the central financial institution to ship a major U.S. rate of interest lower of half a share level as quickly as its subsequent assembly.

Chairman Jerome Powell defended the central financial institution’s independence from President Donald Trump and monetary markets, each of which appear to be pushing for aggressive fee cuts, in remarks on the Council on Overseas Relations in New York.

“The Fed is insulated from short-term political pressures,” stated Powell. Requested later about the potential for disappointing markets by not delivering a lower,…

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