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International Business Times
International Business Times
Business
Luke Funk

Federal Reserve Defies Trump, Keeps Interest Rates Steady

Fed Chair Jerome Powell (Credit: AFP)

The Federal Reserve defied President Donald Trump's calls for interest rate cuts and kept a key lending rate steady on Wednesday.

Fed Chairman Jerome Powell and the rate-setting Federal Open Market Committee voted to keep its key lending rate between 4.25 and 4.50 percent.

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