Fed, Trump and interest rate
Digest more
This week's meeting offers little suspense and probably not much action, even as massive changes loom over the Fed's longer-term direction.
Central bankers cut rates three times last year, but are cautious about lowering borrowing costs any further due to a weakening job market. President Donald Trump has said his pick for a new Fed Chair to replace Jerome Powell,
Fed holds rates at 3.5%-3.75% while dollar hits 4-year low. Bitcoin steady at $89,500, gold near $5,300. Two officials vote for cuts in026.
The Federal Reserve left interest rates unchanged, despite relentless attacks from President Trump, who wants borrowing costs to be much lower.
As the Federal Reserve decides its federal funds rate, here’s how it ripples through the economy and influences your finances.
The Federal Reserve is expected to keep its influential fed funds rate unchanged this afternoon, after cutting in each of its last three meetings. Follow along with our live coverage of the Fed meeting.