Monetary policy
Fed holds rates steady as inflation pressures persist
The central bank kept its benchmark rate at 3.5% to 3.75%, but an 8-4 vote showed rare internal division over how to frame possible future cuts
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- Federal Reserve Trump-Powell feud nears its end after years of public clashes As Jerome Powell prepares to step down and Kevin Warsh awaits confirmation, the fight over rates, renovation costs and Fed independence remains central to the handover
- Federal Reserve Powell faces stay-or-go decision as DOJ closes probe The Justice Department’s move shifts scrutiny of Fed renovations to the central bank’s inspector general and may clear Kevin Warsh’s path to confirmation