Varesh does not inquire about Trump
The U.S. Federal Reserve announced an increase in the benchmark interest rate by a quarter of a percentage point, bringing it to a range between 3.75% and 4%, in an effort to combat inflation, which remains significantly high and continues to impact the economy. This decision was made despite calls from Donald Trump to lower interest rates, with Fed Chair Jerome Powell reaffirming the bank's commitment to its independence and rejecting those requests. He pointed out that inflation has remained persistently elevated for some time, and recent readings do not show any tangible improvement. This step is part of ongoing efforts to curb inflation caused by factors such as the Iranian war, and it marks the first interest rate hike since 2023.
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