Fed keeps rates steady under Warde Sher
The US Federal Reserve kept interest rates unchanged at a range of 3.50% to 3.75%, for the second consecutive time, despite President Trump's calls for a cut and warnings about the potential impact on the economy. The board's decision came as a move that ignores Trump's demands for lower rates, instead focusing on maintaining sufficient reserves within the banking system, with indications of readiness to pause before raising or lowering rates in the future.
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