Federal Reserve Chairman Jerome Powell delivers remarks following the Fed’s two-day policy meeting on Wednesday.
The Fed voted to take a break from a recent run of interest rate cuts, as the central bank navigates questions about its independence and awaits a new leader.
Meeting market expectations, the central bank’s Federal Open Market Committee voted to keep its key interest rate in a range between 3.5%-3.75%. The decision put a halt to three consecutive quarter percentage point reductions, billed as maintenance moves to guard against potential downturns in the labor market.
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Federal Reserve Chair Jerome Powell speaks as Fed holds key interest rate steady — 1/28/2026
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