Fed likely to leave rates unchanged even as Trump calls for 'radical' cut

Trump said on Twitter, 'the Fed should cut its key overnight lending rate by a full per centage point'

The US Federal Reserve, leaning back against pressure from President Donald Trump to slash interest rates, is expected to leave borrowing costs unchanged on Wednesday as it maintains a 'patient' monetary policy stance amid strong economic growth.

Trump, who has accused the US central bank of undercutting his efforts to boost economic growth, said on Twitter on Tuesday the Fed should cut its key overnight lending rate by a full per centage point and renew the quantitative easing program that saw it pump trillions of dollars into the economy in response to the 2007-2009 financial crisis and recession.

Fed officials were in