The Federal Reserve stated Wednesday it’s holding charges regular for the fifth-straight time.
President Donald Trump has been urgent onerous for the Fed to chop charges, arguing that his tariff coverage won’t push up inflation. But central bankers aren’t so certain, and most desire to attend to watch the affect of Trump’s financial agenda earlier than making any strikes.
However, the July assembly was one for the historical past books: Two Fed governors voted in opposition to consensus and supported a fee reduce this month. It’s the primary time in three many years that has occurred.
CNN’s Isa Soares speaks with CNN Business editor-at-large Richard Quest concerning the Fed’s choice. #CNN #News
