The U.S. Federal Reserve held interest rates steady again on Wednesday, despite pressure from President Donald Trump to cut rates. CBS News business analyst Jill Schlesinger reports.
Breakdown
- Federal Reserve keeps interest rates steady, maintaining the current range.
- Rates have remained unchanged since December. 3s
- President Trump continues to pressure the Fed to lower rates and criticizes Chair Powell. 11s
- The Fed is waiting for more economic data, particularly on the effects of tariffs. 50s
- The central bank prefers to avoid frequent policy reversals and will act if inflation rises. 1m 30s