Federal Reserve holds interest rates steady as Chair Powell’s term nears end

Federal Reserve holds interest rates steady as Chair Powell’s term nears end – CBS News Watch CBS News The Federal Reserve held its benchmark interest rate steady on Wednesday as the U.S. economy continues to grapple with rising inflation. CBS News MoneyWatch correspondent Kelly O’Grady has more. Source link

Federal Reserve holds interest rates steady for third straight meeting

The Federal Reserve on Wednesday left its benchmark interest rate unchanged, marking the central bank’s third consecutive pause in 2026. The decision comes as the U.S. economy grapples with rising inflation due to the Iran war and fitful job growth. The Fed maintained the federal funds rate — what banks charge each other for short-term loans — in … Read more

Justice Dept. drops investigation into Federal Reserve and Jerome Powell

The Justice Department on Friday dropped a criminal investigation into the Federal Reserve and its leader, Chair Jerome Powell, regarding a renovation project at the central bank’s Washington headquarters. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “This morning the Inspector General for the Federal Reserve has been … Read more