Refusing to lower interest rates despite the data and trends "raises questions about the central bank's independence."


** Fed Chair Accused of 'Trying to Get Donald Trump Elected' by Keeping Rates High
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August 1, 2024
Inflation has cooled dramatically since the U.S. Federal Reserve began hiking interest rates in 2022, but the central bank announced Wednesday that it would keep rates pegged at a two-decade high for the 12th consecutive month, intensifying concerns that the chair of the powerful body is acting on political rather than economic reasoning.
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