US Fed meet: Jerome Powell keeps rates unchanged; defies Trump’s call for cut

The US Federal Reserve, under Jerome Powell, held interest rates steady, defying President Donald Trump's calls for a cut. Trump has in the past criticized Powell and dismissed inflation concerns, while other administration officials have joined in advocating for rate reductions.

US Fed meet: Jerome Powell keeps rates unchanged; defies Trump’s call for cut
The US Federal Reserve, under Jerome Powell, held interest rates steady, defying President Donald Trump's calls for a cut. Trump has in the past criticized Powell and dismissed inflation concerns, while other administration officials have joined in advocating for rate reductions.