“He Is Hurting Our Country” – Trump Rips Jerome Powell After Fed Doesn’t Cut Rates

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The Federal Reserve did not cut interest rates on Wednesday.

The Fed had cut rates three straight times before it.

CBS News reported:

The Federal Reserve said Wednesday that it is leaving its benchmark interest rate unchanged, marking the central bank’s first pause after three consecutive rate cuts last year.

The Fed maintained its federal funds rate — what banks charge each other for short-term loans — in its current range of 3.5% to 3.75%. The decision matched expectations from Wall Street economists, according to financial data service FactSet.

The central bank is grappling with two potentially troubling economic trends: A softer labor market and an inflation