Reported 3 days ago
The Federal Reserve has decided to keep interest rates steady for the fifth consecutive meeting, amidst divisions among its governors regarding the impact of tariffs on the economy. Fed Chairman Jerome Powell emphasized that no decisions have been made regarding potential cuts in September, countering President Trump's ongoing requests for lower rates to stimulate borrowing and spending. Despite increasing pressure from the White House, Powell maintained that the Fed must carefully analyze data on inflation and employment before making any changes to its monetary policy.
Source: YAHOO