US Federal Reserve Meeting: After Donald Trump's return as US President, the Federal Reserve has given relief to the American people. The US Federal Reserve has cut the key interest rates by another 25 basis points. After this, it has come down to 4.50-4.75 percent. Earlier, the Fed Reserve had cut the interest rate by 50 basis points. After that, it was expected that the Fed could cut the interest rate further in the coming time.

The inflation rate has come down in the last two years.

Addressing the media after the announcement of the Fed's policy, US Fed Chairman Jerome Powell said, "The unemployment rate is much higher than last year. But it has declined in the last three months and in October it remained at a low level of 4.1 percent..." The inflation rate has come down in the last two years. Inflation has come very close to our long-term target of 2 percent. However, the core inflation rate remains at a high level to a large extent.

There will be no impact on the Fed's policy decisions
He also said that the US election will not have any impact on the Fed's policy decisions. The FOMC has decided to reduce the federal funds rate target by a quarter point to 4.50-4.75 percent. On the US economy, the FOMC said that recent signs suggest that economic activity continues to be strong. Labor market conditions have generally deteriorated since the beginning of the year and the unemployment rate has increased but is still low.

No right to dismiss any of the governors.
US Fed Reserve Chairman Jerome Powell said that if new President Donald Trump asks him to step down before time, he will not do so. He said that he does not have the right to dismiss any of the seven Fed governors. Powell's term as Fed Reserve Chairman will end in 2026. During his election campaign, Trump had fiercely targeted Jerome Powell. Fed governors are nominated by the President. Their tenure is 14 years.