Washington, United States, Jan 28, 2026 (AFP) - US Fed holds interest rates steady, defying Trump pressure

NAMPA / AFP

2026-01-28

The US Federal Reserve held interest rates steady Wednesday at its first policy gathering this year, citing robust economic growth, as the central bank resists President Donald Trump's mounting pressure for cuts. The Fed's 10-2 vote keeps rates at a range between 3.50 percent and 3.75 percent, with officials flagging that the unemployment rate has shown "signs of stabilization" while economic activity has been "expanding at a solid pace." bys/msp......

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