Four Key Takeaways From Jerome Powell's Final Rate Decision as Fed Chair

Fed keeps interest rates unchanged. What does that mean for you?

The Federal Reserve kept interest rates unchanged Wednesday, meaning costs for mortgages, car loans, credit card debt, business loans and other everyday borrowing are likely to remain high.  The Fed held its key interest rate in a range of 3.5% to 3.75%, with policymakers voting 11-1 to leave borrowing costs unchanged. This rate decision “was guided by our dual mandate to promote maximum employment and stable prices for the American people” duri…

Fed likely to leave rates unchanged at what may be Powell's last meeting, as Warsh to advance - The Morning Sun

WASHINGTON (AP) — Wednesday will likely be a momentous day for the future of the Federal Reserve as Chair Jerome Powell could signal he will stay with the Fed even as a Senate panel is expected to confirm his replacement. Powell will preside over what will probably be his last meeting as chair and hold a news conference Wednesday afternoon, when he may say whether he will take the unusual step of remaining on the central bank's board of governor…

Jerome Powell defies Trump one last time, holding rates steady: ‘The facts have moved decisively in the hawkish direction,’ top economist says

Four dissents signal that incoming Fed Chair Kevin Warsh inherits a committee far more hawkish than the White House wants.

Four key takeaways from Jerome Powell's final rate decision as Fed chair

Powell's news conference after holding rates covered the US-Israel war with Iran, inflation, legal attacks, and the Fed's independence.

Federal Reserve leaves key interest rate unchanged

The decision came hours after the Senate Banking Committee advanced President Donald Trump's pick for the next Fed chair.

Federal Reserve leaves interest rates unchanged as Powell's chairmanship nears end

This story about the Federal Reserve’s April interest rate decision is developing and will be updated with further details. The Federal Reserve on Wednesday announced it will leave interest rates unchanged amid concerns about inflation rising further amid the war in Iran. Fed policymakers voted to leave the benchmark federal funds rate unchanged at its current range of 3.5% to 3.75%. The move follows the central bank’s decision to hold rates ste…