The US Federal Reserve's Open Market Committee is meeting to decide whether to increase interest rates. Most analysts don't expect rates to change right now, but they'll be watching closely for any indications on a rise later this year.
The third increase in US interest rates this year was widely expected. But as Fed chair Janet Yellen is about to leave office, questions about the central bank's future rate policy in the Trump era are emerging.
The US president has nominated Jerome Powell as the new chair of the central bank. While Trump wants low rates to boost growth and the stock markets, he knows that what Wall Street values most is safe hands.
Federal Reserve Chair Janet Yellen has told the US Congress that interest rates will not have to rise much further. Politicians are concerned that three rate rises have taken place amid an uneven economic recovery.
Under pressure from fresh allegations against his campaign team, US President Donald Trump is preparing to announce Fed governor Jerome Powell as his choice to replace Janet Yellen at the head of the central bank.
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