Federal Reserve keeps interest rates unchanged in defiance of Trump who wants them lowered

Federal Reserve keeps interest rates unchanged in defiance of Trump who wants them lowered

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Federal Reserve keeps interest rates unchanged in defiance of Trump who wants them lowered
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The US Federal Reserve decided to maintain its key interest rate at approximately 3.6%, following three cuts last year. The central bank noted signs of a stabilizing job market and solid economic growth. While further rate cuts are expected, officials are cautious due to persistent inflation above the target of 2%. Two officials dissented in favor of a rate cut. The decision may attract criticism from President Trump, who has been vocal about his discontent with the Fed's rate policies.

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