PEDRO MÉNDEZ
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Federal Reserve Chairman Jerome Powell, seen here speaking at a press conference after the last FOMC meeting in May, has been criticized by President Donald Trump for not cutting interest rates this year.
Andrew Harnik / The Federal Reserve is widely expected to hold its benchmark interest rate steady when the central bank's policymaking committee meets Wednesday.
The Federal Reserve has kept interest rates higher than usual all year to counter inflation and has not lowered them out of fear that President Donald Trump's tariffs could raise prices for consumers.
Trump has repeatedly criticized the Fed for not cutting rates, and could renew that pressure if the Fed holds rates steady as expected.
Andrew Harnik / The Federal Reserve is widely expected to hold its benchmark interest rate steady when the central bank's policymaking committee meets Wednesday.
The Federal Reserve has kept interest rates higher than usual all year to counter inflation and has not lowered them out of fear that President Donald Trump's tariffs could raise prices for consumers.
Trump has repeatedly criticized the Fed for not cutting rates, and could renew that pressure if the Fed holds rates steady as expected.
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