Fed Holds Interest Rates Steady As Trump Pressures Central Bank
Forbes·2026-01-29 03:25

ToplineThe Federal Reserve voted Wednesday to pause interest rate cuts, with several policymakers and economists forecasting further cuts later this year—as concerns spread in recent weeks about the central bank’s independence from the Trump administration.Some Fed officials have forecast interest rate cuts later this year, but not in January.Getty ImagesKey FactsThe Federal Open Market Committee voted 10-2 in favor of holding interest rates between 3.5% and 3.75%.Fed governors Stephen Miran and Christopher ...