US Fed meet: Jerome Powell keeps rates unchanged; defies Trump’s call for cut

The US Federal Reserve, under Jerome Powell, held interest rates steady, defying President Donald Trump's calls for a cut. Trump has in the past criticized Powell and dismissed inflation concerns, while other administration officials have joined in advocating for rate reductions.

from Times of India https://timesofindia.indiatimes.com/business/international-business/us-fed-meeting-fomc-meet-today-june-18-2025-jerome-powell-donald-trump-us-federal-reserve-rate-cut-monetary-policy-highlights/articleshow/121937164.cms