Trump's pressure was useless, the Federal Reserve announced its interest rate decision, continuing to hold its ground. China, with a wave of its hand, once again reduced its holdings of US Treasury bonds by 8.2 billion.

Despite the fact that Federal Reserve Chairman Powell was called to the White House for a "talking to" more than half a month ago, and publicly criticized for not lowering interest rates as a "mistake," during the latest round of Federal Reserve monetary policy meetings held in the early hours of June 19, Powell still took no action, announcing that the target range for the federal funds rate would remain unchanged at 4.25%-4.50%.
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