The president wants the Fed to cut interest rates. He’s said it before, he’s had other people say it for him, and he’s said it again.

One thing he doesn’t say he wants, but which the sycophants and mediocrities he’s surrounded himself with insist that he totally does want, is an independent Fed. Well, Jay Powell is giving him one of those two things.

The policymaking Federal Open Market Committee voted unanimously to hold the current range….

“On a 12-month basis, overall inflation and inflation for items other than food and energy have declined and are running below 2 percent,” the statement said.

Fed holds rates steady, citing lack of inflation pressure [CNBC]
Trump Repeats Calls for Fed to Stimulate Growth [WSJ]