Fed holds rates steady, takes less confident view on inflation
- The Federal Reserve held its benchmark interest rate steady at 4.25%-4.50% after three consecutive cuts last year, indicating a cautious approach to inflation and economic policies under President Donald Trump.
- Federal Reserve Chair Jerome Powell stated that inflation remains somewhat elevated and emphasized the need for real progress on inflation or labor market weakness before considering further rate cuts.
- Powell noted the job market is solid with an unemployment rate of 4.1%, and Fed officials expect to hold off on rate cuts until at least June, pending further data on inflation and jobs.
- President Trump criticized the Federal Reserve for not curbing inflation and outlined his plans to boost the economy through energy production and deregulation.
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Coverage Details
Total News Sources0
Leaning Left37Leaning Right33Center47Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 32%
C 40%
R 28%
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