Fed chair defends decision to hold off on interest rate cuts

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Fed chair defends decision to hold off on interest rate cuts – CBS News


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The Federal Reserve said Wednesday it is leaving its benchmark interest rate unchanged. The announcement means policymakers will hold the federal funds rate between 5.25 and 5.50%, the highest level in 23 years. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to examine the decision.

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