The Fed held interest rates steady and gave little insight into when further reductions in borrowing costs may take place.
Desperate search for survivors after American Airlines jet is downed in collision with military chopper over DC
President Trump said the Federal Reserve had “failed to stop the problem they created with inflation” and had done a “terrible job on bank regulation.
Trump returned to power last week with promises of import tariffs, an immigration crackdown, tax cuts and looser regulation. “Economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid,” the central bank’s policy-setting Federal Open Market Committee said in its latest policy statement.
Politics Donald Trump Economy Federal Reserve Inflation Interest Rates
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