The Federal Reserve is leaving its key interest rate unchanged — much to President Trump’s displeasure. Fed Chairman Jerome Powell said the economy remains “solid,” but inflation remains a concern. The Fed still expects two interest rate cuts by the end of this year. That’s not fast enough for President Trump, who complains that Powell […]
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Fed leaves interest rates unchanged, angering Trump
The Federal Reserve is leaving its key interest rate unchanged — much to President Trump’s displeasure. Fed Chairman Jerome Powell said the economy remains “solid,” but inflation remains a concern. The Fed still expects two interest rate cuts by the end of this year. That’s not fast enough for President Trump, who complains that Powell hasn’t succumbed to his pressure to lower rates.