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.

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