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The Federal Reserve held interest rates steady Wednesday between 4.25% and 4.5% – exactly as interest-rate traders' bets had predicted a month ago. The traders' bets are now predicting there's ...
The Federal Reserve would likely have lowered interest rates this year if it weren’t for President Donald Trump’s significant policy changes, Chair Jerome Powell said Tuesday.
The benchmark interest rate has been at its current range since December. The Fed has held off on cutting rates since President Trump took office, citing uncertainty around the potential impact of ...
President Trump on Monday shared a handwritten note to Federal Reserve Chairman Jerome Powell urging him to lower interest rates, his latest attempt to push the central bank to do so.
"We continue to expect that, with tariffs likely to generate a modest slowdown in GDP growth to around 1.5%, the Fed will leave interest rates unchanged for all of this year," he said in a report.