US Federal Reserve Keeps Interest Rates Unchanged

SadaNews - The US Federal Reserve kept interest rates unchanged on Wednesday, marking the fifth consecutive time, in a decision opposed by two members of the central bank's board who hoped for a reduction in these rates. The Federal Reserve stated in a press release after the Federal Open Market Committee voted 9-2 in favor of keeping the key overnight interest rate steady in the range of 4.25%-4.50% that "inflation remains somewhat high." The Federal Reserve noted that US growth "slowed in the first half" of 2025, but the labor market remains "strong" with a "low" unemployment rate. US President Donald Trump stated that the Federal Reserve (central bank) should cut interest rates, as keeping them high is detrimental to the people. He added to reporters: "We keep interest rates high, and this prevents people from buying homes. All thanks to the Federal Reserve." Experts say that lowering interest rates would boost the economy, a fact that Trump strongly advocates; however, such a decision could lead to increased inflation, as Trump's tariffs may raise the prices of goods for American households.