NEW YORK, July 10 (Xinhua) -- The U.S. Federal Reserve has not surrendered to the Trump administration's call to cut interest rates, because the central bank believes that its job is not to provide cheap government financing but to focus on its mandate to ensure low inflation and plentiful jobs, reported The Washington Post on Thursday.
"With price increases remaining subdued but forecast to rise over the coming months, most officials see little justification for immediately easing rates, at least not at the Fed's next policymaking meeting this month," noted the report.
