Fed Holds Interest Rates Steady Despite Trump's Renewed Calls for Rate Cuts The US Federal Reserve has signaled that it is no longer swayed by White House pressure to lower interest rates.
In a 9 3 vote, the central bank chose to hold interest rates steady, marking a significant shift in monetary policy philosophy under new Fed chair Kevin Warsh.
Warsh's emphasis on open discussion and debate among policymakers without fear of reprisal is a departure from his predecessors' more deferential approach.