In response to the Federal Reserve’s decision to keep interest rates on hold, President Trump criticized the central bank for not reducing borrowing costs, citing concerns about inflation and the Fed’s focus on diversity and climate change. The Fed’s move to maintain rates followed three previous cuts and signals a cautious approach as they assess the impact of Trump’s economic policies. Despite Trump’s pressure for rate cuts, Fed chair Powell refrained from commenting on the president’s remarks and emphasized the need to monitor inflation levels.
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