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The Federal Reserve held its key interest steady in a range between 3.5% and 3.75% after a recent run of interest rate cuts. In voting to hold the line, the committee raised its assessment of economic growth. It also eased its concerns about the labor market as compared to inflation. Read more: cnb.cx/4rbvkf2 | CNBC
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Jerome Powell, the Federal Reserve chair, offered advice to his successor during a news conference on interest rates on Wednesday. The Trump administration has relentlessly attacked the Fed over borrowing costs and opened an investigation into Powell, whose term ends in May. https://nyti.ms/45CSDGr | The New York Times
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