Despite pressure from the White House, the United States Federal Reserve will hold interest rates steady at 4.25-4.50 percent, on par with economists’ expectations as tariff-driven uncertainty weighs on the US economy.

The Fed, the US central bank, announced its decision on Wednesday as it wrapped up its two-day policy meeting.

“The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated,” the Fed said in a statement.

Rates have held steady at this rate since December. Federal Reserve Chairman Jerome Powell has long argued that keeping rates consistent puts the central bank in a strong position to respond to inflationary pressures driven by US President Donald Trump’s tariffs.

“Re

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