1. The Federal Reserve kept its benchmark interest rate steady at its July meeting, with some members pushing for a cut.
2. Board members are divided over the risks facing the economy, with some seeing inflation as the greater concern and others prioritizing employment stability.
3. President Donald Trump has pressured Fed Chair Jerome Powell to lower rates and recently called on a new board member, Lisa Cook, to resign following allegations of falsified documents regarding her mortgages.
2. Board members are divided over the risks facing the economy, with some seeing inflation as the greater concern and others prioritizing employment stability.
3. President Donald Trump has pressured Fed Chair Jerome Powell to lower rates and recently called on a new board member, Lisa Cook, to resign following allegations of falsified documents regarding her mortgages.
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Summary
Federal Reserve maintains interest rate steady amidst debate over economic risks, with members divided on inflation vs employment concerns. Donald Trump urges Fed Chair Jerome Powell to lower rates and pressures new board member Lisa Cook to resign following allegations of falsified mortgage