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Ignoring Trump's pressure, Jerome Powell-led US Federal Reserve expected to keep interest rates unchanged

IndiaTimes Monday, 5 May 2025
The Federal Reserve is expected to hold interest rates steady, despite pressure from Donald Trump for a cut. Uncertainty surrounding the economic impact of tariffs is a key factor influencing the Fed's cautious approach. While Trump claims inflation is nonexistent, data suggests otherwise, and political scrutiny of the Fed's spending and policies is intensifying.
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