Economy grows more than expected despite trade war concerns
Summary
The Federal Reserve decided not to change interest rates. This decision was made even though two members of the committee, who disagreed, wanted to cut rates.Key Facts
- The Federal Reserve is keeping interest rates the same.
- Two members disagreed with this decision.
- These two members were appointed by former President Trump.
- President Trump has been pressuring the Federal Reserve to lower rates.
- Jerome Powell, the Fed chair, is concerned about tariffs and inflation.
- Geoff Bennett talked with Nick Timiraos from The Wall Street Journal about this situation.
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