Officials at the Federal Reserve left interest rates unchanged, as they brace for the effects of President Trump’s policies on trade, taxes and...
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- FINANCIALMIRROR.COM - A La Une - 19/Jun 04:26
Fed holds rates, as Trump blasts Powell
The Federal Reserve resisted mounting pressure from President Trump and kept interest rates unchanged as investors brace for what may come next: a pro-Trump successor at the helm of the world’s most powerful central bank. Financial advisory giant deVere Group said the U.S. central bank’s decision was the right one, warning that cutting too soon could have backfired badly and pushed long-term borrowing costs higher, not lower. “Trump wants a full-point rate cut to offset the damage from his own tariffs,” said deVere Group CEO Nigel Green. “But if the Fed delivers prematurely, markets will punish that kind of political
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