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 ...

Fed keeps interest rates steady in 11–1 vote in Jerome Powell's last meeting as chairman - Reportify