US Fed holds firm against Trump pressure to cut rates, despite dissension
The US Federal Reserve left interest rates unchanged on Wednesday, despite pressure from Donald Trump. During a news conference, Chair Jerome Powell said that Trump's sweeping tariffs are starting to push up inflation and it will take time for the Fed to determine whether the uptick will be a one-time effect or something more persistent.
The US Federal Reserve left interest rates unchanged on Wednesday, despite pressure from Donald Trump. During a news conference, Chair Jerome Powell said that Trump's sweeping tariffs are starting to push up inflation and it will take time for the Fed to determine whether the uptick will be a one-time effect or something more persistent.
Tomas Kauer - News Moderator
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