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Powell doesn't bow to Trump pressure; US Fed keeps interest rate unchanged - here's what the FOMC statement said

IndiaTimes Wednesday, 30 July 2025
The Federal Reserve decided to maintain the federal funds rate at 4.25%-4.50%, assessing incoming data and economic outlook. Despite Trump's call for rate reductions following a 3% GDP growth in the second quarter, experts contextualize this data, noting a slower overall growth rate for the first half of 2025. Trump's stance contrasts with traditional economic thinking.
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News video: Trump Lashes Out as Fed Keeps Interest Rates Unchanged —Conflict Threatens to Destabilize US Economy

Trump Lashes Out as Fed Keeps Interest Rates Unchanged —Conflict Threatens to Destabilize US Economy 03:49

 In a dramatic showdown, President Trump demands urgent interest rate cuts to stimulate the struggling economy — but the Federal Reserve stands firm, leaving rates unchanged. This escalating conflict between the White House and the central bank raises fears of economic instability and political...

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