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International Business Times
International Business Times
World

US Fed Poised To Hold Off On Rate Cuts, Defying Trump Pressure

Donald Trump (L) has ramped up pressure on Federal Reserve Chair Jerome Powell (R) as the US president pushes for lower interest rates (Credit: AFP)

The US central bank is widely expected to hold off slashing interest rates again at its upcoming meeting, as officials gather under the cloud of an intensifying pressure campaign by President Donald Trump.

Policymakers at the independent Federal Reserve have kept the benchmark lending rate steady since the start of the year as they monitor how Trump's sweeping tariffs are impacting the world's biggest economy.

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