US Fed holds interest rates steady - kuwaitTimes

Federal Reserve policymakers left interest rates unchanged at 3.50%–3.75%, with Chair Jerome Powell citing a resilient economy and reduced risks to inflation and employment while signaling a possible extended pause. The 10–2 vote drew dissents favoring a quarter-point cut from Governors Christopher Waller and Stephen Miran. A day later, President Donald Trump blasted Powell online and urged substantial rate cuts, as his administration intensified attacks on the Fed and a Justice Department probe into Powell stirred concerns over independence. Powell declined to comment further, saying future moves depend on data and advising his successor to avoid politics.