(AP) — The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times last year. President Donald Trump appointed Miran in September, and he had dissented at the three previous meetings in favor of a half-point cut. The Fed’s decision to stand pat will likely fuel further criticism from Trump, who has assailed Powell for months for not sharply cutting short-term rates. Powell in an unusually blunt video statement said the subpoenas were a pretext to punish the Fed for not cutting rates more quickly. At a press conference after the Fed issued its decision, Powell declined to add anything to the earlier statement.