The US Federal Reserve has decided to keep interest rates between 4.25% and 4.50%, angering President Trump, who is calling for lower rates.
Adrian Rusu
International
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The Fed has announced it is keeping its benchmark interest rate unchanged for the fourth consecutive time, sparking frustration among the Trump administration. The president criticized the Fed and Chairman Jerome Powell, calling for lowering the interest rate, which he believes is too high. Powell emphasized that the Fed will take decisions with caution given the impact of tariffs on inflation and the economy. Financial markets reacted negatively after the announcement.
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