The U.S. central bank is widely expected to hold interest rates steady for a fifth straight meeting despite badgering from President Trump to lower borrowing costs.

The U.S. central bank is widely expected to hold interest rates steady for a fifth straight meeting despite badgering from President Trump to lower borrowing costs.

Federal Reserve officials left interest rates unchanged, despite rare dissent among policymakers. Fed Chair Jerome Powell said the board has “made no decisions” on cutting rates…

A divided Federal Reserve on Wednesday voted to keep its benchmark interest rate steady, with two top officials dissenting.

The Fed is holding rates steady, meaning borrowing costs will likely stay elevated through the summer.

The central bank kept interest rates steady for a fifth straight meeting, despite badgering from President Trump. It has “made no decisions” on cutting rates at its next meeting,…

President Trump wants the Fed to slash borrowing costs, but the central bank is unlikely to take such aggressive steps even once it begins to lower interest rates.

The resignation comes as President Trump has been openly pressuring the central bank to lower interest rates and calling for Jerome H. Powell, the chair, to step down.