WASHINGTON-- The Federal Reserve held interest rates steady Wednesday and kept its forecast for two cuts in 2025 as officials struggled to respond to the double-barreled threats spawned by President Donald Trump’s widening trade war – rising inflation and a slowing economy. Although Trump recently slapped tariffs on many imports and unveiled plans for more aggressive duties in two weeks, the Fed’s decision underscores that it’s taking a wait-and-see approach as it assesses the scope, duration and impact of the fees. The Fed also raised its 2025 inflation forecast while...
Fed keeps interest rates unchanged, sticks with forecast for 2 rate cuts in 2025
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Join Living Room Conversations, our civil dialogue partner, and America Indivisible for a nationwide conversation on April 13, Thomas Jefferson’s 276th birthday. "Reckoning with Jefferson: A Nationwide Conversation on Race, Religion, and the America We Want to Be" will be held via in-person and online video discussions. Sign up today!
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