Fed holds interest rates steady
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Visible disagreement at the Federal Reserve used to be rare. Now it’s normal and will get worse as Chair Jerome Powell’s term comes to an end.
Fed holds rates at 3.5%–3.75%, keeping mortgages high, credit cards costly, and signaling patience before any further cuts.
As part of a series of efforts to make life more affordable, President Donald Trump aims to help Americans with credit-card debt. After demanding on social media that credit-card lenders cap interest rates at 10% for a year,