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Federal Reserve leaves interest rate unchanged, bucking Trump demands

  • On Wednesday, the U.S. Central bank maintained its benchmark interest rate at 4.3 percent for the third consecutive meeting.
  • The decision followed increased risks of both higher inflation and higher unemployment, driven largely by uncertainty from President Trump's sweeping tariff policies.
  • Officials noted solid economic activity and labor market conditions, but tariffs have injected uncertainty, causing many firms to delay investments and withdraw 2025 financial forecasts.
  • Fed Chair Jerome Powell indicated that the current policy interest rate is appropriate for now, as the Federal Reserve prefers to adopt a cautious approach while monitoring how tariffs may affect the economy.
  • The Fed's stance suggests possible rate cuts later in 2025 if economic slowing and rising unemployment materialize, while tariffs continue to complicate inflation and employment goals.
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NBC Dallas-Fort Worth broke the news in Fort Worth, United States on Wednesday, May 7, 2025.
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