Video: US Fed keeps interest rates unchanged for fifth straight meeting

Video: US Fed keeps interest rates unchanged for fifth straight meeting


The US Federal Reserve keeps interest rates unchanged for a fifth consecutive policy meeting, defying strong political pressure from President Donald Trump to slash borrowing costs — although divisions emerged among policymakers. „We believe that the current stance of monetary policy leaves us well-positioned to respond in a timely way to potential economic developments,“ Fed Chair Jerome Powell tells reporters in Washington, DC. SOUNDBITE

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