US EditionFederal Reserve leaves interest rate unchanged, bucking Trump demands
- The Federal Reserve left its key interest rate unchanged at 4.25-4.50% on Wednesday after its policy meeting in the U.S.
- The decision follows escalating uncertainty from President Trump's sweeping tariff policies, which have introduced risks to inflation and unemployment.
- Economic growth slowed with a 0.3% contraction in the first quarter amid increased imports as companies stocked goods ahead of tariffs.
- Fed Chair Jerome Powell said the policy rate is in a good place while emphasizing a wait-and-see approach awaiting tariff impacts, stating, "We don't have to be in a hurry."
- The Fed's stance suggests future moves will depend on economic data as the tariffs' effects on inflation and employment remain uncertain but potentially severe.
32 Articles
32 Articles
The Fed against Trump: Why Powell refuses to cut interest rates and first waits
The American Central Bank prefers to listen to data rather than to the White House. It leaves the key interest rate unchanged and stands out as one of the last bastions of economic rationality in the US.
U.S. Fed holds key rate steady, saying inflation risk rising
The U.S. Federal Reserve on Wednesday kept its key interest rate steady for a third straight policy meeting, saying the risk of inflation has increased, while officials around the world brace for more uncertainty in the economic outlook stemming from President Donald Trump's tariff policy. The Fed's unanimous decision to maintain its target range for the federal funds rate, which commercial banks charge each other for overnight loans, at 4.25-4.…
Fed Sees Rising Risks to Economy as It Leaves Rates Unchanged
WASHINGTON (Reuters) — The Federal Reserve held interest rates steady on Wednesday but said the risks of higher inflation and unemployment had risen, further clouding the U.S. economic outlook as its policymakers grapple with the impact of President Donald Trump's tariffs.
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