Liam Dann: NZ Herald business editor at large on the US Federal Reserve leaving rates on hold - Heather du Plessis-Allan Drive

The US Federal Reserve has left its benchmark interest rate unchanged, due to stubbornly high inflation.

US President Donald Trump has voiced his disapproval with this move and accused the central bank of mishandling the economy.

NZ Herald business editor at large Liam Dann unpacks this result - and explains why it's unsurprising rates were left on hold.

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