Fed leaves rates unchanged as Powell warns on tariffs

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Fed leaves rates unchanged as Powell warns on tariffs

theweek.com/politics/federal-reserve-powell-rate-inflation-tariff

What happened
The Federal Reserve voted unanimously Wednesday to keep interest rates unchanged, disregarding President Donald Trump's demands for lower borrowing costs as his global trade war roils the U.S. and global economies.
Who said what
Trump's "large increases in tariffs," if…

This story appeared on theweek.com, 2025-05-08 17:06:49.