Federal Reserve Maintains Rates Amidst Political Pressure and Internal Divisions
The Federal Reserve recently decided to keep interest rates unchanged for the fifth consecutive meeting, setting them between 4.25% and 4.5%. This decision follows a series of reductions last year and comes amidst significant political pressure from the President, who advocates for lower borrowing costs to stimulate economic growth. The vote revealed internal disagreements within the central bank, with two board members dissenting and supporting a rate cut, highlighting a rare division not seen in decades.