Part 1/6:
Federal Reserve Keeps Interest Rates Steady Amid Political Pressure
The Federal Reserve's Decision to Hold Rates
In a recent move, the Federal Reserve announced that it would maintain the current range for the Federal Funds rate, keeping it between 4.25% and 4.5%. The decision came despite significant pressure from President Donald Trump, who had publicly urged the central bank to lower rates by as much as three percentage points. The Federal Open Market Committee (FOMC) voted 9 to 2 in favor of holding rates steady, signaling a cautious approach amidst evolving economic conditions.