US Federal Reserve Chair Jerome Powell has said the investigation into building cost overruns was meant to intimidate the independent central bank

US Federal Reserve Chair Jerome Powell has said the investigation into building cost overruns was meant to intimidate the independent central bank

The US Federal Reserve opened its two-day meeting on Tuesday with policymakers expected to keep interest rates unchanged as they digest weak economic data and gauge the economic effects of the Iran war.

The central bank's rate-setting Federal Open Market Committee (FOMC) began its gathering at 10:30 am Eastern time (14:30 GMT), a central bank spokesperson said.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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