Federal Reserve resists Trump push, keeps rates unchanged originally appeared on TheStreet.

The Federal Reserve has decided to keep interest rates at 4.25% to 4.5%, without any cuts, despite President Trump's pressures and the multitude of voices, both public and private, asking them to ease interest rates.

The Fed has made it clear it continues to be concerned about persistent inflation, which has left both the crypto and equity markets with a narrative hole to fill.

In the press release, officials recognized continuing uncertainty about the economy and inflation pressures.

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Although the central bank observed some easing regarding growth in economic activity in the first half of the year, labor market conditions remain tight, and the unemployment rate is low. However, the Fed said in its post-meeting statement that inflation remains "somewhat elevated."

The FOMC reiterated its long-term goals of maximum employment and 2% inflation, and it will continue to assess incoming economic data to help inform its policy decisions moving forward.

The Committee also reiterated its commitment to reducing its balance sheet by curtailing its Treasury securities and mortgage-backed securities holdings.

As previously reported, the July meeting revealed a rare internal disagreement -two members, Michelle W. Bowman and Christopher J. Waller, were opposed to the decision and voted for a decrease in the target rate by 25 basis points.

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This represents the first double dissent of Fed governors since 1993 and reflects the growing pressures for rate reductions caused by changing political and economic situations. Adriana D. Kugler was absent and did not vote.

Cryptocurrencies, such as Bitcoin and Ethereum, are "risk-on" assets, which typically perform better when borrowing costs are low and when there is more money flowing into the economy.

Markets flip red after the Fed decision. ???? #Crypto #Bitcoin #FOMC #Markets pic.twitter.com/xEYsgmYZjq

— Roundtable Network (@RTB_io) July 30, 2025

When the Fed signals that it will be raising rates or limiting liquidity, investors often respond with risk aversion that can lead them to sell crypto in the market. However, at press time Bitcoin was trading at $117,671, down 0.44% in the last 24 hours, as per Kraken.

Federal Reserve resists Trump push, keeps rates unchanged first appeared on TheStreet on Jul 30, 2025

This story was originally reported by TheStreet on Jul 30, 2025, where it first appeared.