Ignoring Trump's pressure, Jerome Powell-led US Federal Reserve expected to keep interest rates unchanged
Monday, 5 May 2025 () The Federal Reserve is expected to hold interest rates steady, despite pressure from Donald Trump for a cut. Uncertainty surrounding the economic impact of tariffs is a key factor influencing the Fed's cautious approach. While Trump claims inflation is nonexistent, data suggests otherwise, and political scrutiny of the Fed's spending and policies is intensifying.
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Trump Under Economic Pressure: Forced to Soften on China - 'Lower Tariffs Soon'| Trade War Backfires
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The Federal Reserve kept interest rates unchanged at its latest meeting this week, leaving the benchmark federal funds rate at a range of 4.25% to 4.5%. FOXNews.com
What happened The Federal Reserve voted unanimously Wednesday to keep interest rates unchanged, disregarding President Donald Trump's demands for lower borrowing... Upworthy Also reported by •IndiaTimes
In brief - The Federal Reserve kept interest rates still on Wednesday. - Despite this, Bitcoin on Thursday broke above $100,000. - President Trump continued to... Upworthy
Monday, 5 May 2025 ()
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