Fed Holds Rates Steady as It Points to an Improving Economy

Any pause in rate cuts could inflame tensions between the Fed and Mr. Trump, who has pushed for lower interest rates to boost the economy. “The economy has once again surprised us with its strength, not for the first time,” Mr. Powell said. Mr. Powell’s term as chair expires in May, and Mr. Trump is expected to appoint a successor who would favor lower interest rates. Asked to give advice to whoever comes next in the post, Mr. Powell cautioned against venturing into any political issues. The post Fed Holds Rates Steady as It Points to an Improving Economy appeared first on New York Times.