Fed holds interest rates steady as the central bank weighs impact of Trump tariffs

The Federal Reserve said Wednesday it is leaving its benchmark interest rate unchanged, resisting pressure from President Trump to lower U.S. borrowing costs as policy makers assess the economic impact of his trade policies. 

The Fed said it will maintain the federal funds rate at its current range of 4.25% to 4.5%, where it's been parked since the central bank last moved to lower short-term rates in December.