Fed keeps interest rates steady after a stock market sell-off and a brewing trade war

Federal Reserve chair Jerome Powell (Credit: Al Drago/Bloomberg)

• The Fed left interest rates unchanged at its Wednesday policy meeting. As expected, the Fed reiterated it was in no rush to change monetary policy, instead preferring to wait to determine how fiscal policy would affect the economy. Since President Donald Trump took office two months ago, properly forecasting the U.S. economy has become more difficult given recent trade policies. 

The Federal Reserve left interest rates unchanged for the second time this year.