President Donald Trump has been clear that he wants Jerome Powell, the Chairman of the Federal Reserve, to cut interest rates to stimulate the economy, and he’s even threatened to fire him. On Wednesday, however, the Fed announced that they are not making any cuts at this time.
BREAKING: The Federal Reserve held interest rates steady on Wednesday, just weeks after Pres. Trump intensified calls for lower borrowing costs and voiced eagerness about the potential “termination” of Fed Chair Jerome Powell.
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In a statement, the Board of Governors of the Federal Reserve System announced that they consider economic activity to be expanding at a solid pace and don’t see the need to raise rates that might lead to increased inflation:
Although swings in net exports have…
