NEW YORK - The Federal Reserve held interest rates steady on Wednesday as policymakers took heart in continued U.S. job gains and economic growth and held out hope that weak inflation will edge higher.
FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis “The labor market remains strong ... economic activity rose at a solid rate” in recent weeks, the U.S. central bank said in a policy statement a day after President Donald Trump called on the Fed to cut rates by a full percentage point and take other steps to stimulate the economy. STORY:STOCKS: After holding steady in the wake of the Fed announcement, the S&P 500 dropped following Fed chair Jerome Powell’s news conference. The benchmark index was down -0.65% late Wednesday.
I thought no one ever disobey the orders of the President. Lower the interest rate was demanded yesterday
Motors or Mooooooooootors
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