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Fed leaves interest rates unchanged in defiance of Trump’s calls for cuts

In a bold move, Jerome Powell remains on the Federal Reserve Board, resisting Trump's demands for interest rate cuts. The Fed's decision to keep rates unchanged highlights the tension between political influence and economic stability. Powe...

The Guardian· Apr 29, 2026 · 7:42 PM · 53 views

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In a bold move, Jerome Powell remains on the Federal Reserve Board, resisting Trump's demands for interest rate cuts. The Fed's decision to keep rates unchanged highlights the tension between political influence and economic stability. Powell emphasizes the importance of maintaining the Fed's independence amidst growing scrutiny. #Fed #JeromePowell #InterestRates #Trump #Economy

Originally reported by The Guardian. Read the full story →

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