Fed Holds Rates at 3.6% Following Trump Pressure and Jerome Powell Probe

Federal Reserve officials voted to maintain the federal funds rate between 3.5% and 3.75% on Wednesday, resisting pressure from Donald Trump for further reductions.The DOJ is investigating Jerome Powell regarding a $2.5 billion headquarters renovation while the Supreme Court considers a legal attempt to fire Lisa Cook.The decision follows reports of 2.8% inflation and a 12-year low in consumer confidence despite the USA economy expanding by 4.4% in the third quarter.