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Fed leaves interest rates unchanged despite Trump demands
['Heather Miller']
Latest News | Q13 FOX
The Brief The Federal Reserve will leave interest rates unchanged for now following its meeting Wednesday.
President Trump criticized the move and once again called on the Fed to lower interest rates because he believes the economy is doing well.
After the Fed’s decision to leave rates unchanged, Trump said, "I hear they’re going to do it in September," but Powell's remarks suggest that might not happen.
Trump appointees at the Fed dissentChristopher Waller and Michelle Bowman, two Fed governors appointed by Trump, voted against leaving the short-term rate unchanged.
The Supreme Court recently signaled that Trump can’t fire Powell simply because the president disagrees with him on interest rates.
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