Fed Chair Jerome Powell resisted President Trump’s calls for a 3% rate cut, as the FOMC voted 9-2 to keep rates at 4.25-4.5%, citing strong 3% GDP growth and 2.1% inflation. Despite dissents and Trump’s attacks,

The central bank kept interest rates steady for a fifth straight meeting, despite badgering from President Trump. It has “made no decisions” on cutting rates at its next meeting, the Fed chair said.

The US Federal Reserve, Open Market Committee, has decided to hold rates steady in a move that is likely to frustrate President Donald Trump, who has been