Powell Snubs Trump: Fed Pauses Rates Amid Tariff Surge
Edited By WION Video Desk
Published: Jan 29, 2026, 09:21 IST | Updated: Jan 29, 2026, 09:21 IST
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Fed Chair Jerome Powell held interest rates steady at 3.50%-3.75%, defying President Trump's pressure for cuts amid persistent inflation fueled by new tariffs. The decision signals caution as price pressures linger, delaying anticipated rate relief.
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