US Fed leaves interest rates unchanged at 4.25%-4.50% despite Trump's pressure
US Federal Reserve held interest rates unchanged for the fifth straight meeting on Wednesday, keeping the target range at 4.25% and 4.50%. Despite political pressure from President Donald Trump to cut rates, the decision passed with 9-2 votes, with dissent from Trump-appointees Christopher Waller and Michelle Bowman. The central bank cited elevated uncertainty in economic outlook as a key reason.