This story was originally published by the WND News Center.
As expected, Jerome Powell, the chair of the Federal Reserve board of governors, on Wednesday left the interest rate unchanged, keeping the 4.25%-4.5% goal he's demanded since the first of the year.
President Donald Trump has been calling for him to lower it.
And the pressure for a reduction, which likely would give the Trump economy another boost, grew earlier in the day when the government announced the second quarter GDP was 3%, "way better than expected."
There have been pressure campaigns for Powell to quit as well as pushes for Trump to fire him.
But Powell no longer has a stranglehold on the board, as two governors, Christopher Waller and Michelle Bowman, voted for a quarter-point cut.
That dissent had not appeared in the Fed's decisions in decades.
Powell also has been under fire for a renovation project at the agency's headquarters that was supposed to cost $1.8 billion, but now is estimated to hit taxpayers for $3.1 billion.
All other economic indicators, job creation, inflation, trade, and more, have been greatly better during the Trump economy than during Joe Biden's administration, when inflation reached past 9%.
