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Al Jazeera
Al Jazeera

US Federal Reserve leaves rates unchanged despite Trump pressures

US Federal Reserve Chairman Jerome Powell has said that keeping rates steady will help the Fed respond to economic swings amid tariff-driven uncertainty [File:Julia Demaree Nikhinson/AP]

Despite pressure from the White House, the United States Federal Reserve will hold interest rates steady at 4.25-4.50 percent, on par with economists’ expectations as tariff-driven uncertainty weighs on the US economy.

The Fed, the US central bank, announced its decision on Wednesday as it wrapped up its two-day policy meeting.

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