Fed rejects call to deny Trump rate cuts; Trump keeps up pressure

SAN FRANCISCO/NEW YORK (Reuters) - The U.S. central bank on Tuesday rejected a call from a former Federal Reserve policymaker to counter President Donald Trump's trade agenda by refusing to "play along" and denying the president the interest rate cuts he has demanded."The Federal Reserve's policy decisions are guided solely by its congressional mandate to maintain price stability and maximum employment," a Fed spokeswoman said. "Political considerations play absolutely no role."Earlier on..