The US Federal Reserve kept its benchmark interest rate unchanged (3.5-3.75%) for the fifth time, despite President Trump's calls for lower rates, citing concerns over the Iran war's economic impact.
The U.S. Federal Reserve kept its benchmark interest rate unchanged at 3.5-3.75 percent, marking its fourth consecutive pause. At least half of policymakers anticipate a higher rate by year-end, with projections showing a rise in expected federal funds rate and PCE inflation.
The U.S. Federal Reserve maintained its benchmark interest rate at 3.5-3.75% for the fourth consecutive meeting. This decision, the first under new Chair Kevin Warsh, comes amid economic concerns from the Middle East conflict and a recent rise in the consumer price index.
WASHINGTON, April 29 (Yonhap) -- The U.S. Federal Reserve on Wednesday held its ...
The U.S. Federal Reserve held its benchmark interest rate steady for the third consecutive time at 3.5-3.75%, citing elevated inflation and high economic uncertainty from the Middle East conflict. Chair Jerome Powell said inflation reflects recent energy price increases and that the Fed is 'at the high end of neutral or perhaps mildly restrictive.' Powell, whose chairmanship expires May 15, said he will remain as a Fed governor and 'keep a low profile' until an investigation into the Fed headquarters renovation is 'well and truly' over. He warned that attacks on the Fed by the administration are unprecedented in the bank's 113-year history and risk undermining monetary policy independence.
WASHINGTON, April 29 (Yonhap) -- The U.S. Federal Reserve on Wednesday held its ...
WASHINGTON, April 29 (Yonhap) -- The U.S. Federal Reserve on Wednesday held its ...
