Fed leaves US interest rates unchanged despite new boss Kevin Warsh

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Fed leaves US interest rates unchanged despite new boss Kevin Warsh
Photo: Alex Brandon/AP/TT

The market had priced in an unchanged interest rate with just over 99 percent certainty.

The interest rate meeting was Kevin Warsh's first as head of the Fed, after Jerome Powell left the post following eight years and a media and legal siege from Trump.

The president repeatedly demanded that the Fed lower interest rates, but Powell stubbornly stuck to the principle of the central bank's independence and autonomy.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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