Thursday, February 20

Federal Reserve Holds Interest Rates Steady Despite Pressure from Trump

The U.S. Federal Reserve decided on Wednesday to keep its key interest rate unchanged, standing firm despite calls from President Donald Trump to push for further rate cuts.

In its first policy decision since Trump returned to office, the Fed announced that it would maintain its benchmark lending rate within the 4.25% to 4.50% range. The decision was unanimous among policymakers.

According to the statement released by the central bank, the job market remains stable, and unemployment levels have been steady in recent months. Officials noted that labor conditions continue to show strength, influencing their stance on interest rates.

Share.

Comments are closed.

Exit mobile version