Federal Reserve officials left their main interest rate unchanged and continued to pledge patience as they grappled with conflicting currents in the U.S. economy.
Federal Reserve Chairman Jerome Powell has said repeatedly that he’ll ignore pressure from President Trump.
Chairman Jerome Powell will hold a news conference at 11:30 a.m. Pacific time. Reporters are likely to prod him over whether upside and downside risks remain truly balanced in the eyes of policy makers. Trump is pressuring the Fed to keep interest rates low. Nixon actually did it — and damaged the economy »
The economy expanded at a 3.2% annualized pace from January to March, boosted by exports and inventories growth. The labor market remains robust, with unemployment around a half-century low and wage gains near the best pace of this expansion.
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