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Federal Reserve votes to hold rates steady despite pressure from Trump

President Trump has been pressing the Federal Reserve to cut interest rates more aggressively, but the central bank voted to hold rates steady for now, as it tries to bring down inflation.

Copyright 2026 NPR

Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.
Leila Fadel is a national correspondent for NPR based in Los Angeles, covering issues of culture, diversity, and race.