India-Pakistan relations; Interest rates; Libya

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The Federal Reserve held interest rates steady yesterday as it waits to see how President Trump’s trade war affects the U.S. economy. The financial markets anticipated the Fed’s decision to maintain the benchmark borrowing rate at between 4.25% and 4.5%, despite the president’s calls for a reduction.

• ‘s Scott Horsley tells Up First that Federal Reserve policymakers are watching out for signs of increased pressure on prices that could rekindle inflation or a weakening in the job market. Horsley says one reason Federal Reserve Chairman Jerome Powell isn’t feeling a sense of urgency to cut interest rates is because the Fed chairman says the economy is still in solid shape.

The Trump administration plans to deport migrants without legal status to Libya, a country troubled by armed conflict, as early as next week. The U.S. military would conduct these deportations. In recent months, U.S. officials have been negotiating with various countries willing to accept individuals deported from the U.S. Earlier this week, Rwanda’s foreign minister mentioned that his country is in discussions with Washington about accepting deportees.

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