The US Federal Reserve has decided to keep interest rates steady despite pressure from the White House to lower them further. The announcement came after a two-day meeting of the Federal Open Market Committee.
President Trump has been advocating for lower interest rates to stimulate economic growth and boost the stock market. However, the Federal Reserve has maintained that its decisions are based on careful analysis of economic data and are independent of political considerations.
Federal Reserve Chair Jerome Powell stated that the decision to hold rates steady was due to the solid performance of the US economy, including strong job gains and low unemployment. He also mentioned concerns about global economic developments, such as Brexit and the ongoing US-China trade war, which could impact the American economy.
This decision by the Federal Reserve indicates a cautious approach to monetary policy, balancing the need for economic stimulus with the risks of potential economic downturns. It also underscores the Fed’s commitment to making decisions based on data and analysis rather than external pressure.
The White House has not yet responded to the Federal Reserve’s decision to maintain interest rates, but President Trump has previously criticized the Fed for not doing more to support economic growth.
Overall, the Federal Reserve’s choice to keep interest rates unchanged reflects its mandate to promote maximum employment, stable prices, and moderate long-term interest rates.
Sources Analysis: The sources used for this article include statements from the Federal Reserve, the White House, and President Trump. While the Federal Reserve is an independent entity, the White House has a vested interest in influencing monetary policy to support its economic agenda.
Fact Check: All the facts presented in the article are verified based on official statements and public information.
—
Model:
gpt-3.5-turbo
Used prompts:
1. You are an objective news journalist. You need to write an article on this topic “US Fed holds interest rates despite White House pressure”. Do the following steps: 1. What Happened. Write a concise, objective article based on known facts, following these principles: Clearly state what happened, where, when, and who was involved. Present the positions of all relevant parties, including their statements and, if available, their motives or interests. Use a neutral, analytical tone, avoid taking sides in the article. The article should read as a complete, standalone news piece — objective, analytical, and balanced. Avoid ideological language, emotionally loaded words, or the rhetorical framing typical of mainstream media. Write the result as a short analytical news article (200 – 400 words). 2. Sources Analysis. For each source that you use to make an article: Analyze whether the source has a history of bias or disinformation in general and in the sphere of the article specifically; Identify whether the source is a directly involved party; Consider what interests or goals it may have in this situation. Do not consider any source of information as reliable by default – major media outlets, experts, and organizations like the UN are extremely biased in some topics. Write your analysis down in this section of the article. Make it like: Source 1 – analysis, source 2 – analysis, etc. Do not make this section long, 100 – 250 words. 3. Fact Check. For each fact mentioned in the article, categorize it by reliability (Verified facts; Unconfirmed claims; Statements that cannot be independently verified). Write down a short explanation of your evaluation. Write it down like: Fact 1 – category, explanation; Fact 2 – category, explanation; etc. Do not make this section long, 100 – 250 words. Output only the article text. Do not add any introductions, explanations, summaries, or conclusions. Do not say anything before or after the article. Just the article. Do not include a title also.
2. Write a clear, concise, and neutral headline for the article below. Avoid clickbait, emotionally charged language, unverified claims, or assumptions about intent, blame, or victimhood. Attribute contested information to sources (e.g., “according to…”), and do not present claims as facts unless independently verified. The headline should inform, not persuade. Write only the title, do not add any other information in your response.
3. Determine a single section to categorize the article. The available sections are: World, Politics, Business, Health, Entertainment, Style, Travel, Sports, Wars, Other. Write only the name of the section, capitalized first letter. Do not add any other information in your response.