Federal Reserve holds rates steady as it resists Donald Trump’s calls for cuts

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The Federal Reserve has left the US interest rates and has signed a signal that it is in a hurry to regulate the monetary policy to put pressure on President Donald Trump.

The Central Bank kept its main one on Wednesday interest rates: It is 4.25-4.5% and noted that it now stops that Jay Powell says that the US assessments “don’t need to be rushed to normalize our policy.”

The unanimous decision was made only a few days after Trump that the cost of borrowing should be “very much” and promised to “be informed” if the decision of the Central Bank would not agree.

Is Federal Open Market CommissionThe Central Bank’s policy regulation committee said that US inflation remained “to some extent” and “progress” has been removed “progress” to hit its 2 percent. Powell later clarified that the changes reflect the “cleaning exercise”, not a change in politics.

The Fed statement says “A little bit of Hawkek” said Sarah’s house of Wales Fargo. “This is nourished, which is less worried about the job market.”

The petition followed three consecutive reductions, including the transfer of 0.5 percentage points in September.

Powell announced that interest rates will remain at the moment, as long as FOMC would have time to assess how the victory raises obstacles, sliced ​​taxes and red ribbon.

The Fed chair mentioned that the new administration’s policy is “not for us or praising us.”

He also refused to respond to Trump’s calls to significantly reduce loan costs, saying that he was not going to answer. “

“The decision of this rate, which was really the only viable choice, which was fed in this junction, will present political pressure,” said Msarvar Prasad, Professor at Cornell University. “The coming months will be in a state of feeding, if inflation remains adhesive at its target level, even as Trump piles on cutting pace and constraints.

The US markets widely accepted the Fed’s decision, and government bonds, which come under medium sales pressure.

The Treasury Treasury Prober, the Treasury Treasury Prober, is 4.23 percent higher than 0.03 percentage points later in New York, and the 10th year standard of the criteria. Yield rise as prices fall.

The S & P 500 was 0.5 percent lower in stock markets. Technological NASDAQ Composite has fallen with similar margin after cutting some of its losses at a peach press conference.