Fed Keeps Rates Steady Amid White House Pressure

The Federal Reserve has decided to keep interest rates steady at 3.5% to 3.75%, despite pressure from the White House for cuts.

This decision was announced after the Fed's Open Market Committee meeting, where policymakers made no changes to the existing rate range.

Fed Chair Kevin Warsh mentioned that the committee considered various factors before making their decision, but didn't provide further details on what those factors were.