Federal Reserve keeps interest rates unchanged despite Trump pressure
Sky News·2026-01-28 22:03

The Federal Reserve has voted to keep interest rates the same - despite pressure from Donald Trump to make a cut.The US central bank said on Wednesday that it will keep its key lending rate between 3.5% to 3.75%, claiming that economic activity has been "expanding at a solid pace". It comes after the Fed cut rates three times last year amid growing pressure from the White House to lower borrowing costs and make it easier for people to get mortgages and other loans.In a statement, the Fed said that "job gain ...

Federal Reserve keeps interest rates unchanged despite Trump pressure - Reportify