U.S. Fed keeps key rate steady despite added pressure from Trump

The U.S. Federal Reserve on Wednesday left its benchmark interest rate unchanged at 4.25-4.50 percent for a fifth straight policy meeting, despite mounting pressure from President Donald Trump to reduce borrowing costs for households and businesses.The Fed's decision to maintain its target range for the federal funds rate, which commercial banks charge each other for overnight loans, reflects its cautious approach to Trump's tariffs and other economic policies. But two of the central bank's governors voted against the majority, marking the first such dissent in more than 30 years.In contras…READ FULL ARTICLE