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Fed holds rates again under Powell
The U.S. Federal Reserve Board today, Wednesday, kept interest rates unchanged for the second consecutive time in Washington, dismissing President Donald Trump's calls for a reduction. The primary interest rate was maintained within the range of 3.50% to 3.75%. This decision came after Trump urged a cut, arguing that the United States should align with other countries that have lower interest rates to promote economic growth. In contrast, the board indicated a desire to maintain adequate reserves in the banking system, noting that the decision was made amid political pressure and economic challenges, with ongoing international tensions regarding monetary and economic policies.
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