The choice to hold off on a rate cut will almost certainly result in further conflict between the Fed and White House.

US president has consistently pushed Fed officials to lower rates, which currently sit between 4.25 and 4.5%

The Federal Reserve will release its interest rates decision Wednesday, but it's unlikely to cut rates. Trump has lobbied against Fed Chair Jerome Powell.

The Fed cited the economy’s resilience as part of its motivation for maintaining 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 choice to hold off on a rate cut will almost certainly result in further conflict between the Fed and White House.

Nessun taglio per la quinta volta consecutiva, l’attacco del presidente Usa: “Sta danneggiando gli americani”. Per la prima volta dal 1993, due governatori vot…

The decision also drew dissent from two of the central bank’s governors, both Trump appointees.

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,…

Powell put a cat among the pigeons by suggesting he was minded to "look through" tariff-induced inflation by not increasing interest rates.