US Fed flags ‘solid pace’ of growth and holds interest rates steady, defying Trump pressure | AFP

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US Fed flags 'solid pace' of growth and holds interest rates steady, defying Trump pressure | AFP

The US Federal Reserve flags ‘solid pace’ of growth and holds interest rates steady at its first policy gathering this year, citing robust economic growth, as the central bank resists President Donald Trump’s mounting pressure for cuts. "In support of our goals, today, the Federal Open Market Committee decided to leave our policy rate unchanged," US Fed chariman Jerom Powell tells reporters during a press conference. SOUNDBITE

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