US Fed set to pause rate cuts as it defies Trump pressureWASHINGTON, United States, Jan 28, 2026 (BSS/AFP) - The US Federal Reserve is broadly expected to pause its series of interest rate cuts Wednesday, resisting mounting attacks from President Donald Trump, while policymakers await more data on the world's biggest economy. The lack of urgency, however, could put the central bank again at odds with Trump, who has repeatedly called for large rate reductions. Officials appear to have converged on a near-term halt in rate reductions, with their debate now centering around what conditions justify further rate cuts -- and how quickly these should take place. Fed Governor Stephen Miran, appointed by Trump last year to fill a term lasting until late January, is likely to again push for lower rates, North said. - Credibility issues -One issue is whether the new chairman can corral the rest of the rate-setting Federal Open Market Committee into more rate cuts, ING analysts said in a note.

Source: Bangladesh Sangbad Sangstha January 28, 2026 02:42 UTC