Home

China

World

Politics

Business

Sci-Tech

Health

Opinions

Video

Live

Radio

World Asia-Pacific Middle East Europe Americas Africa

By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser.

I agree

02:01

The U.S. central bank on Wednesday, April 29, held its main interest rate again amid concerns the Iran conflict is aggravating persistent inflation.

The Federal Reserve maintained the rate that influences the cost of mortgages and other debt at up to 3.75%.
And for some, the decision was a last act of defiance by its outgoing chair, who has resisted President Donald Trump’s attempts to dictate monetary policy.

Owen Fairclough has more from Washington, D.C.

For more, check out our exclusive content on CGTN Now and subscribe to our weekly newsletter, The China Report.

Open in CGTN APP for better experience

Search Trends

What's next for the US Federal Reserve after Jerome Powell?