The Federal Reserve is holding interest rates steady for the time being. Talking with reporters today, Fed Chair Jerome Powell said the economy has been performing “reasonably well” this year. He warned about some “crosscurrents” overseas and possible impacts on the U.S. economy. President Trump has been pushing for a rate cut and has been critical of Powell, who he chose to replace Janet Yellen in February of last year. The benchmark rate remains between two-and-a-quarter and two-and-a-half percent.
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Alexander Martin
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