US Federal Reserve Keeps Interest Rates Unchanged
The US Federal Reserve has decided to keep its benchmark interest rates unchanged, maintaining its current policy stance despite continued calls from President Donald Trump for rate cuts. The decision was taken at the central bank’s latest policy meeting as officials assessed economic conditions.
Fed Cites Economic Stability
Federal Reserve officials said the US economy continues to show steady growth and a resilient labour market. While inflation has eased from earlier peaks, policymakers noted it remains above the central bank’s long-term target, warranting caution before making further rate reductions.
Trump Presses for Rate Cuts
President Trump has repeatedly urged the Federal Reserve to lower interest rates, arguing that cheaper borrowing would further stimulate economic growth. However, the Fed reiterated its independence, stressing that monetary policy decisions are driven by economic data rather than political pressure.
Outlook for Future Policy
Fed officials signalled that future rate cuts remain possible later in the year if inflation shows sustained moderation. For now, the central bank said it prefers to monitor incoming data before adjusting policy, keeping its focus on balancing growth with price stability.
