Internet reports that the Federal Reserve announced that it will maintain the target range of the federal funds rate between 4.25% and 4.50%. This is the third consecutive time since January this year that the Federal Reserve has kept interest rates unchanged. The FOMC statement showed that the committee judged that the risks of rising unemployment and inflation had increased. Inflation remains at slightly high levels. Uncertainty about the U.S. economic outlook has further increased. Economic activity continues to expand at a steady pace. Powell said: The Fed does not need to rush to adjust interest rates. The Fed's policies are moderately restrictive. Trump's call for interest rates does not affect the Fed's work at all. Inflation has fallen sharply. Short-term inflation expectations have increased, while long-term inflation expectations are in line with the target. Survey respondents pointed to tariffs as a major factor driving inflation expectations. The impact of the tariffs has so far been much greater than expected.