Trump's pressure is ineffective, the Federal Reserve announced its interest rate decision, continuing to hold steady. The Chinese side waved its hand again, further reducing its holdings of 8.2 billion U.S. Treasuries.
Despite Federal Reserve Chairman Powell being summoned to the White House more than half a month ago for a 'talking to', and publicly criticized that not lowering interest rates was a 'mistake', during the latest round of Federal Reserve monetary policy meetings held in the early hours of June 19, Powell still held steady, announcing that the target range for the federal funds rate would remain unchanged at 4.25%-4.50%.
