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The Fed holds interest rates steady despite intense pressure from Trump

03:47
Federal Reserve Chair Jerome Powell (right) and his colleagues left interest rates unchanged Wednesday, despite calls for lower rates from President Trump. The president toured the central bank's headquarters renovation project with Powell last week. (Getty Images)
Federal Reserve Chair Jerome Powell (right) and his colleagues left interest rates unchanged Wednesday, despite calls for lower rates from President Trump. The president toured the central bank's headquarters renovation project with Powell last week. (Getty Images)

This article was originally published on July 30, 2025.

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