Central Banks
Fed to Hold Rates Steady and Brace for Trump
- Powell likely to face questions on Trump’s policies, comments
- Policymakers await more clarity on path for inflation, growth
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Federal Reserve officials are expected to leave interest rates steady this week, giving themselves more time to lower inflation and to assess how President Donald Trump’s policies will affect the economy.
The break in rate cuts would come after three straight reductions since September that lowered the Fed’s benchmark rate by a full percentage point. Their target range is now 4.25% to 4.5%.