Fed maintains wait-and-see approach with rate hold
Powell ignores Trump’s calls for easing amid president’s continued insults
The US Federal Reserve yesterday (June 18) held rates at a range of 4.25–4.5%.
In the subsequent press conference, Fed chair Jerome Powell said the Federal Open Market Committee (FOMC) had decided to maintain its wait-and-see approach until further data was available about the state of the US economy, and particularly the impact of tariffs.
“We haven’t been through a situation like this, and I think we have to be humble about our ability to forecast it,” he said. “So that’s why we have to see more
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