US Fed leaves rates steady despite Trump pressure, gives no hint of September cut
Business
WASHINGTON: The United States central bank held interest rates steady on Wednesday (Jul 30) and Federal Reserve Chair Jerome Powell's comments after the decision undercut confidence that borrowing costs would begin to fall in September, possibly stoking the ire of President Donald Trump who has demanded immediate and steep rate relief . Powell said the Fed is focused on controlling inflation and not on government borrowing or home mortgage costs that Trump wants lowered. He added that the risk
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