Why the US central bank decided to keep interest rates steady | DW News

A week before Americans head to the polls, the Federal Reserve is holding interest rates steady. Why has the Fed resisted Donald Trump's calls for cuts, and what does the decision mean for inflation, borrowing costs and the election campaign? We discuss all this with Gerald Cohen, Chief Economist at the Kenan Institute of Private Enterprise.

00:00 - US Federal Reserve holds interest rates steady

01:07 - Gerald Cohen on whether the Fed can remain apolitical

02:49 - The Fed's dual mandate vs. persistent inflation

04:17 - Fed Chief Kevin Warsh on economic indicators & markets

05:10 - Why Americans feel pinched: Wage growth vs. price hikes

07:00 - Political pressure to cut rates & the risk of overheating

08:35 - Trump’s rate stance & lessons from 1970s inflation

10:07 - Energy prices, AI sector growth & economic outlook

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