# Fed Holds Rates Amid Trump Pressure

> US Fed likely to keep interest rates steady ahead of midterms despite Trump demands.
- Title: Fed Holds Rates Amid Trump Pressure · Malay Mail | Shortify
- Summary: US Fed likely to keep interest rates steady ahead of midterms despite Trump demands. US Federal Reserve will hold interest rates steady at its meeting next…
- Keywords: federal reserve, us interest rates, trump, fed, us midterms, inflation, central bank, fomc, keynesian economics, economic policy, news, world
- Source: Malay Mail — https://malaymail.com/news/money/2026/10/25/despite-trump-pressure-fed-likely-to-hold-interest-rates-steady-ahead-of-us-midterms/240508
- Published: 2026-10-25T11:25:43+00:00
- Read time: 1 min
- Topics: federal reserve, us interest rates, trump, fed, us midterms, inflation, central bank, fomc, keynesian economics, economic policy, news, world
## Fed meeting timing
US Federal Reserve meets next week ahead of November 3 US midterms.
## Inflation context
Fed has missed two-per-cent inflation target for over five years with rates at 3.75 per cent to 4.0 per cent.
## Trump's pressure
Trump frequently criticises Fed Chair Kevin Warsh over interest rates but has not targeted him directly.
## Economic indicators
PCE price index hit pandemic-era peak of 7.2 per cent in 2022 before falling to 2.2 per cent by late 2024.
## Energy prices impact
Global energy prices surged after US and Israel attacked Iran in late February, fueling inflation.
## Loretta Mester's view
Former Cleveland Fed head Loretta Mester says Fed decision is based on economics, not politics.
## Wendy Edelberg's view
Brookings Institution expert Wendy Edelberg believes Fed should avoid political discourse ahead of midterms.
## Fed's potential action
Most policymakers may hold rates at meeting, waiting for December FOMC decision.
## Trump's Fed attack
Trump has launched criminal probe against Fed Chair Powell and attempted to unseat Fed Governor Lisa Cook.
## Key takeaway

US Federal Reserve will hold interest rates steady at its meeting next week as markets price in a rate hike before year-end, avoiding political pressure ahead of November 3 US midterms.