Header and navigation menu

Page content

Fed decision: Powell and FOMC keep rates steady after Trump pressure - as it happened

The Federal Reserve held interest rates steady on Wednesday in the 4.25%-4.50% range for the fifth consecutive meeting. It was a split decision that gave little indication of when borrowing costs might be lowered and drew dissents from two of the U.S. central bank's governors, both appointees of President Donald Trump who agree with him that monetary policy is too tight.[...]