The Fed defies Trump to keep interest rates steady




The US Federal Reserve has defied pressure from President Donald Trump, keeping interest rates steady. The policy announcement was partly overshadowed by ongoing tensions with the administration. Fed President Jerome Powell – who faces a criminal investigation he describes as politically motivated – has insisted the central bank will maintain its independence. Also on the show – the US dollar falls to a four-year low, and Paris Fashion Week looks at the rise of ultra-fast fashion.



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