The Federal Reserve held interest rates steady Wednesday for the third meeting in a row, defying President Trump’s repeated calls for the central bank to loosen monetary policy further.
The central bank voted unanimously to maintain its benchmark interest rate in the range of 4.25%-4.5%, a mark reached at the end of 2024 after cutting rates by a full percentage point last fall.
Fed holds rates steady, defying Trump’s call for cuts
The Federal Reserve held interest rates steady Wednesday for the third meeting in a row, defying President Trump’s repeated calls for the central bank to loosen monetary policy further.
The central bank voted unanimously to maintain its benchmark interest rate in the range of 4.25%-4.5%, a mark reached at the end of 2024 after cutting rates by a full percentage point last fall.