Fed Holds Rates Steady Amidst White House Pressure

The Federal Reserve held interest rates steady at 4.25%–4.50%, defying pressure from the White House for a rate cut. Chairman Powell emphasized the Fed’s commitment to data-driven policies, highlighting its independence and caution in responding to political influence. Despite market volatility fueled by trade uncertainties and inflationary risks, the Fed remains focused on economic indicators for guiding future decisions. You can find detailed information about current rates in the Federal Reserve H.15 Release on Selected Interest Rates.