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The Federal Reserve kept the interest rates unchanged for the third time on Wednesday, in line with market expectations. The last time the Fed announced a rate cut was in December 2025.
The Federal Open Market Committee, in its statement, noted that while economic activity has been expanding at a solid pace, inflation remains elevated.
Trump Wanted Powell To Announce Rate Cuts
President Donald Trump, in a Truth Social post earlier this month, called on Federal Reserve chair Jerome Powell to announce rate cuts “immediately.”
“Where is the Federal Reserve Chairman, Jerome ‘Too Late’ Powell, today? He should be dropping Interest Rates, IMMEDIATELY, …
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