Fed keeps interest rates unchanged for third time in a row

NEW YORK (Gray Media) - The Federal Reserve announced it is keeping interest rates where they are in a nod to continued economic uncertainty brought on by trade wars. For the third time in a row, Fed Chair Jerome Powell announced interest rates remain unchanged as the US economy navigates murky waters.

The decision corresponds with the Fed’s mission of safeguarding the labor market while making sure inflation is under control. Powell has made it clear because of trade wars brought on by President Trump’s tariff policies, higher prices are expected along with muted economic growth.

As fears of a recession continue to grow, the president is sticking by his tariff plan and has continually criticized Powell for not cutting interest rates to help spark market optimism.

Wednesday’s announcement came as no surprise with the Fed stuck in wait-and-see mode over the trade wars. Powell wants more time to assess how the sweeping tariff plan impacts the economic outlook before deciding on rate cuts.

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