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President Trump has been pressing the Federal Reserve to cut interest rates more aggressively, but the central bank voted to hold rates steady for now, as it tries to bring down inflation.
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Deutsche Bank beats profit expectations in fourth-quarter earnings CNBCDeutsche Bank reports record quarterly profits Financial TimesGermany news: Deutsche Bank raided in money laundering probe DW.comDeutsche Bank Offices Searched by German Prosecutors in Money-Laundering Probe - WSJ The Wall Street Journal
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The Federal Reserve chose to pause rate cuts, even as it faces relentless attacks from President Trump for not cutting borrowing costs fast enough.
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Powell has just two policy meetings left as chair — in March and April — before his term expires.
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The central bank cut rates at its three previous meetings in an effort to support the job market. But with inflation still elevated, the Fed is cautious about additional rate cuts.
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