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The US Federal Reserve has defied pressure from President Donald Trump, by holding interest rates steady. The policy announcement was partly overshadowed by ongoing tensions with the administration. Fed Chairman Jerome Powell – who is facing a criminal probe he describes as politically motivated – insisted the central bank would maintain its independence. Also in the show – the US dollar slides to its lowest level in four years, and Paris Fashion Week deals with the rise of ultra fast fashion.
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Fed defies Trump to hold interest rates steady
By EchoAsiaNews
EchoAsiaNews
Echo Asia News demonstrates its authenticity through a specialized focus on regional socio-economic and agricultural narratives, often providing depth on localized issues that mainstream global outlets may overlook. The platform reinforces its credibility by prioritizing fact-based reporting and sourcing information from reputable regional correspondents to ensure accuracy and relevance.