US President Donald Trump said the Federal Reserve was right to pause its rate-cutting path in its decision last week, a break from his penchant for calling for lower rates.

Federal Reserve Bank of Boston President Susan Collins said Monday there's no urgency for the central bank to lower rates right now, as new trade tariffs announced by the Trump Administration could drive up inflation pressures.

President Donald Trump commended the Federal Reserve for its decision last week to leave interest rates unchanged. "Holding the rates at this point was the right thing to do," he told reporters. President Donald Trump approved the Federal Reserve for its decision last week to leave interest rates unchanged,