Divided Fed holds key interest rate steady, defying Trump's demands for aggressive cuts
135d ago
Business
CNBC
The Federal Reserve opted to maintain its key interest rate at its current level following a vote on Wednesday. This decision comes despite persistent calls from President Trump for significant rate cuts. The vote revealed a division within the Fed, as two high-ranking officials dissented from the majority decision. The Fed's move suggests a cautious approach amid concerns about economic uncertainty and inflation, balancing the need for economic stimulus with the risk of overheating the economy. The decision reflects the ongoing debate among policymakers regarding the appropriate path for monetary policy in the current economic climate.