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Officials are worried about cutting interest rates too soon as Trump’s tariffs push up inflation.
The Federal Reserve is leaving its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut.
Federal Reserve leaves interest rates unchanged even as Trump demands cuts Chair Jerome Powell has said the Fed would likely have cut rates already if not for Trump’s sweeping tariffs.
The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year.
With the market widely expecting the Federal Reserve will decide Wednesday to keep interest rates steady, investors will be looking for hints in the central bank’s messaging about what could ...
The Federal Reserve is expected to leave interest rates unchanged due to uncertainty surrounding President Trump's tariffs.
Jerome Powell has been Trump’s No. 1 target as the president demands lower interest rates, but other policymakers are also part of each rate-setting decision ...
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