Fed holds US interest rates steady as uncertainty over Trump's Iran deal remains
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The Federal Reserve held US interest rates between 3.5% and 3.75% after Kevin Warsh's first meeting in charge of the central bank. Fed governors were split on whether to keep rates steady or increase them in a bid to tame inflation, which has been pushed up by the US-Israel war in Iran. US President Donald Trump pushed Warsh's predecessor , Jerome Powell, to cut interest rates, and made clear he expected Warsh to fulfill his demand for cuts. But, with inflation running at an above-target 3.8%,
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