Fed holds rates steady, defying Trump’s call for cuts

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Introduction:

The news topic “Fed holds rates steady, defying Trump’s call for cuts” has drawn international attention, with various media outlets providing diverse insights, historical context, political stances, and on-the-ground developments. Below is a curated overview of how different countries and media organizations have covered this topic recently.

Quick Summary:

• Policymakers voted unanimously to maintain the Fed’s benchmark interest rate in the range of 4.25%-4.5%. The decision came after a public campaign by President Trump in recent weeks to urge the Fed and central bank chairman Jerome Powell to cut rates. A GDP report covering the first quarter recently showed the US economy contracted for the first time in three years due largely to a rush by importers to beat the start of Trump’s tariffs. The economy has continued to expand at a “solid pace” despite swings in net exports that affected the data during the first months of 2025, the Fed said in a statement. It also expressed concern that “risks of higher unemployment and inflation have risen,” but that at the moment policymakers view the job market as “solid” and “solid,” noting the unemployment rate has stabilized at a low level in recent months.
• President Donald Trump has called on the Fed to lower rates, despite its political independence. Fed holds interest rates steady, defying pressure from Trump
• The Fed on Wednesday unanimously decided to keep its benchmark borrowing rate unchanged between 4.25 percent and 4.5 percent. Chair Jerome Powell signaled that he wants to see how Trump’s tariffs impact consumer prices and the economy. On Sunday, Trump called on the Fed to cut rates, saying Powell “just doesn’t like me because I think he’s a total stiff.” In April, the president announced 10 percent tariffs on nearly all US trading partners, including 145 percent import taxes on goods from China. A report from the Commerce Department showed that consumer prices rose just 2.3 percent in March from a year earlier, down from 2.7 percent in February.

Country-by-Country Breakdown:

Original Coverage

Policymakers voted unanimously to maintain the Fed’s benchmark interest rate in the range of 4.25%-4.5%. The decision came after a public campaign by President Trump in recent weeks to urge the Fed and central bank chairman Jerome Powell to cut rates. A GDP report covering the first quarter recently showed the US economy contracted for the first time in three years due largely to a rush by importers to beat the start of Trump’s tariffs. The economy has continued to expand at a “solid pace” despite swings in net exports that affected the data during the first months of 2025, the Fed said in a statement. It also expressed concern that “risks of higher unemployment and inflation have risen,” but that at the moment policymakers view the job market as “solid” and “solid,” noting the unemployment rate has stabilized at a low level in recent months. Read full article

Video Fed holds interest rates steady, defying pressure from Trump

President Donald Trump has called on the Fed to lower rates, despite its political independence. Fed holds interest rates steady, defying pressure from Trump Read full article

BREAKING: Federal Reserve defies Trump’s call for rate cut as tariffs shake economy

The Fed on Wednesday unanimously decided to keep its benchmark borrowing rate unchanged between 4.25 percent and 4.5 percent. Chair Jerome Powell signaled that he wants to see how Trump’s tariffs impact consumer prices and the economy. On Sunday, Trump called on the Fed to cut rates, saying Powell “just doesn’t like me because I think he’s a total stiff.” In April, the president announced 10 percent tariffs on nearly all US trading partners, including 145 percent import taxes on goods from China. A report from the Commerce Department showed that consumer prices rose just 2.3 percent in March from a year earlier, down from 2.7 percent in February. Read full article

Live updates: Fed holds rates steady, warns of stagflation risks

The Dow was up 180 points, or 0.45%, midday Wednesday. The S&P 500 hovered around the flatline and the Nasdaq Composite slid 0.4%. Stocks dipped lower as Treasury Secretary Scott Bessent said that trade talks with China this weekend will be preliminary. The yield on the 10-year Treasury note on Wednesday edged lower, to 4.29%. The US dollar slightly strengthened against other major currencies.“Greed” was the sentiment driving markets for the third day in a row, according to CNN’s Fear and Greed index. The index was staunchly in “extreme fear” and “fear” since the end of February before surging into “greed’ this month. Read full article

Fed expected to hold interest rates steady, defying Trump | Business News | willmarradio.com

The Federal Reserve is set to announce its first decision on the level of interest rates. President Donald Trump last month intensified calls for lower borrowing costs. Despite pressure from the White House, Powell is widely expected to hold interest rates steady. The Fed’s benchmark interest rate currently stands at an elevated level of between 4.25% and 4.5%. The rate decision arrives days after fresh data showed robust job growth in April, defying some fears of a hiring slowdown in the aftermath of Trump’s “Liberation Day” tariff announcementEarly last month. Despite flagging consumer sentiment and market turmoil, the labor market has provided a bright spot since Trump took office. Meanwhile, inflation cooled in March, the most recent month for which data is available. to take a patient approach as policymakers await the impact of tariffs on the economy. Read full article

U.S. Federal Reserve holds rates steady, cites rising risk of higher inflation and unemployment

The Federal Reserve held interest rates steady on Wednesday but said the risks of higher inflation and unemployment had risen. The economy overall has “continued to expand at a solid pace,” the Fed said in a policy statement. But the latest statement highlighted developing risks that could leave the Fed with difficult choices in coming months. Traders continued to eye a rate cut at the Fed’s meeting in late July. The direction of policy will depend on which of those job and inflation risks develop, or, in the more difficult outcome, whether inflation and Unemployment increase together and force the Fed to choose which risk is more important to try to offset with monetary policy. A weaker job market would typically strengthen the case for rate cuts; higher inflation would call for monetary policy to remain tight. The U.S. Treasury yields were little changed and stocks slightly extended gains after the release of the statement. Read full article

The Fed holds interest rates steady as Trump’s tariffs spark uncertainty

The U.S. Federal Reserve holds interest rates at 4.25%. President Trump has called on the Fed to lower interest rates. He has imposed tariffs on nearly all imports from China and other countries. The tariffs have not yet had a big impact on the economy, though they have raised prices for consumers. The Fed’s rate decision is the latest in a series of moves to ease the impact of the tariffs on the U.K. and the rest of the world.. The Federal Reserve is expected to raise its interest rate to 4.5% by the end of the year. It has previously held the rate at 3.75% and 4.0% for the past two years. The move is in response to the president’s call for lower rates, but it is not expected to have a major impact on economic growth. Read full article

Will Powell Defy Trump Again? Here’s What The Fed Chair Might Say On Wednesday

The two-day Federal Open Market Committee (FOMC) meeting kicks off Tuesday, and concludes with a federal funds rate decision and Fed Chair Jerome Powell’s press conference slated on Wednesday. CME FedWatch Tool data shows a 97% probability that the Fed will keep rates in the 4.25%-4.5% range in May. Money markets are pricing in 31% odds of a 25-basis-point cut by June and 78% by July.Overall, speculators assign a 82% chance that theFed will deploy three rate cuts by year end. But not all Wall Street analysts are on board with this view. Bank of America rates strategist Mark Cabana indicated that markets have gone too far. He added that economic surprise indices remain relatively stable, suggesting the Fed has room to be patient. Read full article

US Long Yield Hits Two-Week High On Signs Of Economic Strength

The yield on 30-year notes rose for a fifth straight session, up three basis points on Tuesday to a two-week high at 4.87%. The two-year yield dropped by the same amount to 3.80%, bear steepening the curve. Bets on Federal Reserve interest-rate cuts have been pared to 75 basis points by year-end. Read full article

Global Perspectives Summary:

Global media portray this story through varied cultural, economic, and political filters. While some focus on geopolitical ramifications, others highlight local impacts and human stories. Some nations frame the story around diplomatic tensions and international relations, while others examine domestic implications, public sentiment, or humanitarian concerns. This diversity of coverage reflects how national perspectives, media freedom, and journalistic priorities influence what the public learns about global events.

How did your country report this? Share your view in the comments.

Sources:

• Original Article
• Video Fed holds interest rates steady, defying pressure from Trump
• BREAKING: Federal Reserve defies Trump’s call for rate cut as tariffs shake economy
• Live updates: Fed holds rates steady, warns of stagflation risks
• Fed expected to hold interest rates steady, defying Trump | Business News | willmarradio.com
• U.S. Federal Reserve holds rates steady, cites rising risk of higher inflation and unemployment
• The Fed holds interest rates steady as Trump’s tariffs spark uncertainty
• Will Powell Defy Trump Again? Here’s What The Fed Chair Might Say On Wednesday
• US Long Yield Hits Two-Week High On Signs Of Economic Strength

Source: https://finance.yahoo.com/news/fed-holds-rates-steady-defying-trumps-call-for-cuts-090055171.html