17 C
Surat
Saturday, February 15, 2025
17 C
Surat
Saturday, February 15, 2025

Fed Holds Rates Steady as Trump Fumes Over Powell's Patience



The Federal Reserve voted unanimously to maintain interest rates at 4.25-4.50%, signaling a pause in its recent rate-cutting cycle amid uncertainty over President Trump’s economic policies. Fed Chair Powell emphasized there’s “no hurry” to adjust rates unless labor markets weaken or inflation pressures ease, prompting an angry response from Trump on social media. The decision reflects the Fed’s cautious approach as it evaluates the potential impact of proposed tariffs and fiscal policies on inflation and employment.



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