The US Federal Bank on Wednesday, despite the criticisms and pressure received by US President Donald Trump, has unchanged, despite deciding to hold a stand -by once again in the midst of the uncertainty caused by the US.

The Federal Reserve’s Federal Open Market Committee (FOMC) maintained its basic interest rate on the range of 4.25%-4.50%, where it has been in a wide-ranging market in December, with the US Central Bank officials expressing their concern.

“The uncertainty about economic prospects has increased further,” the FOMC said in a statement that followed its two -day meeting on monetary policy, adding that “the Commission is monitoring the risks to both aspects of its double command and considers that the risks are increased.”

However, once again FOMC has avoided directly the uncertainty to the duties imposed by the Trump government in order to – as analysts note – not to have a direct confrontation with the US president.

In its announcement, FOMC, however, notes that duties threaten to aggravate inflation as well as slow down economic growth, increasing the possibility of a stagnant -consulting scenario, a danger that the US has largely avoided since the early 1980s.

However, policy makers have largely agreed that the Central Bank is able to wait for the formation of its monetary policy, as the economy is currently resistant.

It is recalled that US GDP shrunk by 0.3%in the first quarter of the year, as a result of the decline in consumption and government spending and the increase in imports in view of tariffs, but economists estimate that the US economy will return to the second quarter.

Thus, the FOMC in its announcement noted that “fluctuations in net exports have affected the data” and insisted in its recent position that the economy “continued to grow at a steady pace”, attributing the recession of the economy in the first quarter of the year in the rush of businesses and housing.

Indications of the resilience of the economy has also been the increase in jobs that continued despite Trump’s efforts to reduce the federal workforce. Salaries out of the primary sector increased by 177,000 in April and the unemployment rate was kept at 4.2%, giving the Fed to keep a stand -up.

Inflation has continued to decline and approach the 2% target of the Fed, although duties are expected to lead to at least a temporary price increase.

This is one of the reasons that the Fed decided not to succumb to Donald Trump’s pressures to reduce its interest rates in order to boost growth although inflation has further escaped.