CoinWorld News: At its latest meeting, the Federal Reserve decided to keep interest rates unchanged at 3.50%-3.75%, continuing its “wait-and-see” strategy. Research Director Matthew Vegari pointed out that this indicates the Fed is unwilling to “turn a blind eye” to energy-driven inflation. He also noted that the White House’s attempt to pressure the Fed into cutting rates has backfired, and Powell will continue to serve as a governor of the Fed. If the Fed implements rate cuts amid accelerating inflation, this decision will come from clear weakness in the labor market rather than political pressure.