Global markets watch as Trump challenges Fed independence and pressures rates

The eyes of the global financial markets are on the US Federal Reserve. It's expected to be cut later on Wednesday, around a quarter-point. But US President Donald Trump has called repeatedly for much steeper rate cuts. And this decision could lead Trump to try and take control of the Fed. Al Jazeera's Patty Culhane reports from Washington, DC. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X: https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.io/AJEMobile #DonaldTrump #FederalReserve #JeromePowell #StephenMiran #FedIndependence #USInflation #GlobalEconomy #InterestRates #USPolitics #TrumpEconomicPolicy