US Fed expected to keep rates steady as Iran war effects ripple
Powell is expected to face questions on inflation pressures and the Fed’s next move as officials prepare for a third straight rate pause.
- On Wednesday, April 29, 2026, Federal Reserve Chair Jerome Powell oversees his final Federal Open Market Committee meeting as the Senate Banking Committee votes today to advance President Donald Trump's nominee, Kevin Warsh.
- President Donald Trump frequently criticized Powell's interest rate policies during his second term, though the Justice Department recently dropped its criminal investigation into the central bank's renovation project, easing political tensions.
- While Powell's chair term expires May 15, he could remain a governor until 2028; nominee Kevin Warsh, who criticized the Fed's $6.7 trillion balance sheet, is expected to secure 13 votes today.
- Analysts note there is 'virtually no chance' of a rate cut today, as the Federal Reserve is expected to hold interest rates steady between 3.5% and 3.75% to balance inflation risks.
- Policymakers remain cautious as energy prices from the Iran war drive inflation, with the Fed's 'dot plot' indicating only one rate cut anticipated this year amid broader economic uncertainty.
92 Articles
92 Articles
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Later today, Federal Reserve Chair Jerome Powell will hold what is probably the final meeting of his tenure. Yet, with the federal funds rate at 3.5%–3.75%, the final curveball isn’t the pressure from Washington, but a genuine stagflationary dilemma that leaves the central bank with no room to move. Fed entered 2026 flirting with a rate cut down the road. The U.S. dollar sank, precious metals surged, and equities kept above the water, hoping tha…
Federal Reserve Chairman Jerome Powell is no stranger to tough decisions. However, he now faces one of his most arduous and personal dilemmas to date: stepping off the stage or remaining in a role…
Fed likely to hold rate steady in possible last meeting of Powell era
The Federal Reserve is expected to hold interest rates steady on Wednesday as officials debate whether to flag risks of rising inflation in a policy statement issued after what may be Jerome Powell’s final meeting as head of the U.S. central bank. With oil prices high and rising again due to the U.S.-led war with...
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