Federal Reserve Holds Steady on Interest Rates Amid Inflation Concerns; Trump Urges Rate Cuts

The Federal Reserve announced on Wednesday that it would hold steady on interest rates, awaiting further evidence that inflation is moving towards the 2% target or that the economy is weakening more than anticipated. This decision follows a two-day monetary policy meeting. President Donald Trump stated that the Federal Reserve should cut interest rates, expressing disagreement with the central bank's current stance as officials assess the economic impact of tariffs.

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