Fed Holds Rates Steady While White House Pushes for Cuts

The Federal Reserve maintained interest rates at 3.5% to 3.75%, resisting pressure from the White House to lower borrowing costs. This standoff highlights the ongoing tension between the administration's desire for economic stimulus and the Fed's independent mandate to control inflation. Markets are watching closely as talk of potential rate hikes gains traction among some Fed officials, signaling concern about persistent economic pressures. Read more about this...