Federal Reserve warns of inflation and jobs risks amid Trump’s erratic trade strategy

Federal Reserve warns of inflation and jobs risks amid Trump’s erratic trade strategy
By: The Guardian Posted On: May 07, 2025 View: 1

Central bank says ‘uncertainty has increased’ as it opts to maintain benchmark interest rate for third time in a rowThe Federal Reserve kept interest rates on hold as questions around the global economic outlook mount amid Donald Trump’s erratic rollout of an aggressive trade strategy.Policymakers at the US central bank cautioned that “the risks of higher unemployment and higher inflation have risen” as they opted to maintain the benchmark interest rate for the third time in a row. Continue reading...

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