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Why the Fed kept interest rates steady for now, despite pressure from Trump

The Federal Reserve says it’s holding its benchmark interest rate steady, despite ongoing pressure from President Trump to reduce it. But Fed Chairman Jay Powell expressed openness to the idea of cutting rates if economic indicators warrant. He also recently said he intends to serve his full four-year term, despite Trump’s criticism of him. Judy Woodruff talks to The Wall Street Journal’s Greg Ip.

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