The US Fed held rates steady, reaffirming its independence despite President Donald Trump’s demands for cuts. Fed Chair Jerome Powell dismissed political pressure, while Trump accused the Fed of failing to control inflation.

Federal Reserve Chair Jerome Powell is holding a press conference Wednesday afternoon, the first since President Trump began his second term. Powell, who is expected to serve out the rest of his

A desire for low rates confronts a very different economic backdrop—with higher price pressures—from his first term.

Federal Reserve Chair Jerome Powell pushed back on billionaire Elon Musk's claim the central bank is "absurdly overstaffed," saying the Fed has a careful budget process.

The US president accused Jerome Powell leader of failing to 'stop the problem they created with inflation.' Powell said he would not respond to Trump's comments.

Policymakers said they “will carefully assess incoming data, the evolving outlook, and the balance of risks” in determining future rate decisions.

The US Fed held rates steady as Jerome Powell took a wait-and-see approach to Donald Trump’s tariff plans, citing uncertainty over their economic impact. Markets reacted cautiously amid inflation concerns.

The decision was what investors and economists expected after a series of high readings of inflation and strong jobs reports.

Failed to fetch dynamically imported module: https://uk.finance.yahoo.com/assets/_app/immutable/nodes/103.D3kDrwDT.js

Nonetheless, already there is a clash with President Trump, who believes interest rates are “far too high." On his Truth Social platform, Trump went on the attack: Because Jay Powell and the Fed failed to stop the problem they created with Inflation,

President Donald Trump is renewing his old attacks on the Federal Reserve and its chair, Jerome Powell, after the independent body voted to hold interest rates steady in its first rate decision of the year.