Fed keeps interest rates steady in 11–1 vote in Jerome Powell's last meeting as chairman
New York Post·2026-04-30 02:07
Federal Reserve officials voted 11–1 to stand pat on interest rates Wednesday, shifting the focus to a looming leadership shake-up as Jerome Powell approaches the end of his term.Markets had widely expected the central bank to hold its benchmark rate in the 3.5% to 3.75% range, extending a stretch of elevated borrowing costs even as inflation continues to run above the Fed’s 2% target.The Federal Reserve is keeping interest rates steady as questions abound on the future of Chair Jerome Powell. AFP via Getty ...