Home Business The Fed holds interest rates steady as Trump’s trade agenda sparks uncertainty

The Fed holds interest rates steady as Trump’s trade agenda sparks uncertainty

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Federal Reserve chairman Jerome Powell and his colleagues left interest rates unchanged Wednesday. Inflation eased last month, but prices are still climbing faster than the central bank would like.

The Fed held rates steady, but left the door open to cut them later this year if inflation continues to ease. Trump's tariffs, however, could complicate efforts to bring prices under control.

(Image credit: Roberto Schmidt/AFP)

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