The central bank signals little urgency to cut interest rates despite demands from President Trump for lower borrowing costs.
Tariffs
Supported by
The central bank signals little urgency to cut interest rates despite demands from President Trump for lower borrowing costs.
By Colby Smith and Tony Romm
Reporting from Washington
Hours before the decision, the president called the Fed’s chair, Jerome Powell, ‘stupid’ for anticipated rate hold
Some Fed officials have forecast interest rate cuts later this year.
President Trump has spent most of 2025 demanding lower interest rates.
The choice to hold off on a rate cut will almost certainly result in further conflict between the Fed and White House.
The Fed's decision on interest rates affects many types of consumer borrowing costs, from credit cards and mortgages to auto…
The Fed chair will tell lawmakers that the central bank can wait to see how President Trump’s tariffs affect the economy before…
