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President Trump has been pressing the Federal Reserve to cut interest rates more aggressively, but the central bank voted to hold rates steady for now, as it tries to bring down inflation.
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The Federal Reserve chose to pause rate cuts, even as it faces relentless attacks from President Trump for not cutting borrowing costs fast enough.
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The Trump administration has unleashed a barrage of attacks on the Federal Reserve, including a criminal investigation into its chair, Jerome H. Powell.
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Judge Orders Release of Minnesota Refugees Targeted in ICE Crackdown The New York TimesJudge blocks Trump officials from detaining refugees in Minnesota The GuardianFederal judge bars Trump administration from detaining lawful refugees in Minnesota CBS NewsMinneapolis shooting live updates: Judge bars arrests of lawful refugees in Minnesota 6abc.comICE is ‘h
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The Federal Reserve wrapped up a two-day policy meeting Wednesday, delivering pretty much what the market expected.
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The Federal Reserve on Wednesday released its decision on interest rates.
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Governors Christopher Waller and Stephen Miran dissented against the decision, calling for a reduction
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Asia tech seeks to extend January surge, gold keeps flying ReutersAsian shares mostly fall and gold jumps more than 4% after the Fed keeps rates unchanged Yahoo FinanceAsia Market Open: Bitcoin Range-Bound Near $88K As Asia Tech Loses Momentum, Gold Pushes Higher TradingViewBloomberg Daybreak Asia: Tech Earnings, Fed Outlook Bloomberg.com
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Powell has just two policy meetings left as chair — in March and April — before his term expires.
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The central bank cut rates at its three previous meetings in an effort to support the job market. But with inflation still elevated, the Fed is cautious about additional rate cuts.
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