The Federal Reserve (Fed) chose to keep interest rates unchanged in a press conference led by Chairman Jerome Powell. Powell stated that a shorter statement regarding inflation in comparison to the previous month's statement could be a more significant signal to markets. It is speculated that this change in language may have contributed to the Fed's decision to pause on interest rate cuts after three consecutive cuts. Despite President Trump's demands for immediate rate reductions, Powell affirmed that Trump has no authority over the Fed's policy decisions.



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