The Federal Reserve decided to hold interest rates steady at 4.25%-4.5%, observing the trade war's impacts on the economy, with inflation and job market concerns in focus. Chairman Jerome Powell indicated no urgency to cut rates as economic fundamentals remain strong. Concurrently, the Trump administration is planning to deport migrants to Libya, a conflict-ridden nation, as part of a strategy to deter immigration. Legal challenges persist, with Massachusetts issued an injunction barring these deportations without due process, enforcing strict rules around the treatment of deportees and their destinations.
The Federal Reserve kept interest rates steady as it monitors the effects of the Trump administration's trade war on the economy, emphasizing that the economy remains solid.
In a controversial move, the Trump administration is set to deport migrants to Libya, seeking to push them further from U.S. borders as negotiations with other nations unfold.
A Massachusetts judge has restricted the administration's deportation practices, ensuring that agencies cannot exploit loopholes to send migrants to countries they aren't originally from.
The Federal Reserve is cautious in cutting rates, indicated by Chairman Powell's assessment that the economy is in a solid state, with no immediate urgency for rate changes.
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