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US central bank resists pressure from Trump to cut rates but signals readiness to stimulate economy

Banking

US central bank resists pressure from Trump to cut rates but signals readiness to stimulate economy

The Telegraph - By Tom Rees

The US central bank resisted pressure from Donald Trump and Wall Street to cut interest rates for the first time in a decade but signalled that it is ready to act to head off an economic slowdown. The Federal Open Market Committee (FOMC) removed its pledge to be “patient” on policy as part of a …

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